Westar Energy (WR) Misses Q4 EPS by 16c

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Go back to Westar Energy (WR) Misses Q4 EPS by 16c

Westar Energy announces 2017 results

February 21, 2018 5:00 PM EST

TOPEKA, Kan., Feb. 21, 2018 (GLOBE NEWSWIRE) -- Westar Energy, Inc. (NYSE: WR) today announced earnings of $324 million, or $2.27 per share, for 2017 compared with earnings of $347 million, or $2.43 per share, for 2016. Fourth quarter 2017 earnings were $34 million, or $0.24 per share, compared with earnings of $54 million, or $0.38 per share, for the fourth quarter 2016.

Lower earnings per share for 2017, compared with the prior year, were the result of lower retail sales attributable to mild weather and having received no corporate-owned life insurance income. The lower revenue was partially offset by lower income tax expense.

Earnings per share for... More