Williams Companies Inc Earnings: Beats Expectations

S&P 500 (NYSE:SPY) component Williams Companies Inc (NYSE:WMB) reported net income above Wall Street’s expectations for the first quarter. Williams Companies is engaged in finding, producing, gathering, processing and transporting natural gas.

Investing Insights: What’s the Future of Microsoft’s Stock?

Williams Companies Inc Earnings Cheat Sheet for the First Quarter

Results: Net income for the oil production/pipelines rose to $423 million (71 cents per share) vs. $321 million (54 cents per share) in the same quarter a year earlier. This marks a rise of 31.8% from the year-earlier quarter.

Actual vs. Wall St. Expectations: Williams Companies Inc beat the mean analyst estimate of 36 cents per share.

Key Stats:

After two quarters of falling short, the company beat estimates last quarter. In the fourth quarter of the last fiscal year, it missed the mark by 5 cents, and in the third quarter of the last fiscal year, it came in under estimates by one cent.

After sitting in the red the quarter before, the company reported a profit last quarter. The company booked a net loss of $272 million, or 46 cents per share, in the third quarter of the last fiscal year.

Looking Forward: For the next quarter, analysts are growing pessimistic about the company’s expected results. The average estimate for the second quarter is 35 cents per share, dropping from 36 cents a month ago. The average estimate for the fiscal year is $1.46 per share, down from $1.57 ninety days ago.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Apple: We’re Unstoppable!

Ford Motor Company First Quarter Earnings Sneak Peek>>

These 6 Retailers Rake in the Cash>>