Integrys Energy Group Earnings: Here’s Why Investors are Not Excited Now
Integrys Energy Group, Inc. (NYSE:TEG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.81%.
Integrys Energy Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.55% to $1.76 in the quarter versus EPS of $1.55 in the year-earlier quarter.
Revenue: Rose 34.1% to $1.68 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Integrys Energy Group, Inc. reported adjusted EPS income of $1.76 per share. By that measure, the company beat the mean analyst estimate of $1.61. It beat the average revenue estimate of $1.35 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…