Westar Energy Earnings: Here’s Why Shares are Down Now
Westar Energy, Inc. (NYSE:WR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.09%.
Westar Energy, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.42% to $0.53 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 0.59% to $569.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Westar Energy, Inc. reported adjusted EPS income of $0.53 per share. By that measure, the company beat the mean analyst estimate of $0.45. It missed the average revenue estimate of $570.87 million.
Key Stats (on next page)…