Blog

WEC Energy: Q2 Earnings Snapshot – WTOP News

[ad_1]

MILWAUKEE (AP) — MILWAUKEE (AP) — WEC Energy Group Inc. (WEC) on Tuesday reported second-quarter net income of $290 million.…

MILWAUKEE (AP) — MILWAUKEE (AP) — WEC Energy Group Inc. (WEC) on Tuesday reported second-quarter net income of $290 million.

On a per-share basis, the Milwaukee-based company said it had net income of 92 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The electricity and natural gas provider posted revenue of $1.83 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.17 billion.

WEC Energy expects full-year earnings to be $4.58 to $4.62 per share.

_____

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on WEC at

Copyright
© 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

[ad_2]

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button