WEC Energy (WEC) Tops Q3 EPS by 3c, Revenues Miss; Reiterates FY18 EPS Guidance Below Consensus

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Go back to WEC Energy (WEC) Tops Q3 EPS by 3c, Revenues Miss; Reiterates FY18 EPS Guidance Below Consensus

WEC Energy Group posts third-quarter results

October 31, 2018 7:00 AM EDT

MILWAUKEE, Oct. 31, 2018 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $233.2 million, or $0.74 per share, for the third quarter of 2018. This compares to earnings of $215.4 million, or $0.68 per share, for the third quarter of 2017.

For the first nine months of 2018, the company recorded net income of $854.3 million, or $2.70 per share up from $771.1 million, or $2.43 per share, in the corresponding period a year ago.

Consolidated revenues for the third quarter and nine months ended September 30, 2018, were $1.6 billion and $5.6 billion, respectively, both level with the comparable... More