WEC Energy (WEC) Misses Q4 EPS by 1c
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WEC Energy Group posts 2016 fourth-quarter and full-year results
February 1, 2017 7:00 AM ESTMILWAUKEE, Feb. 1, 2017 /PRNewswire/ --Â WEC Energy Group, Inc. (NYSE: WEC) today recorded net income based on generally accepted accounting principles (GAAP) of $194.4 million, or 61 cents per share, for the fourth quarter of 2016 compared with $179.3 million, or 57 cents per share, for the fourth quarter of 2015. WEC Energy Group was formed on June 29, 2015, when Wisconsin Energy completed the acquisition of Integrys.
Fourth-quarter 2015 earnings include acquisition costs of 5 cents per share. Excluding these costs, WEC Energy Group's adjusted earnings per share for the fourth quarter of 2015 were 62 cents per share.
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