WEC Energy: Q4 Earnings Snapshot
MILWAUKEE (AP) — MILWAUKEE (AP) — WEC Energy Group Inc. (WEC) on Tuesday reported fourth-quarter net income of $453.5 million.
The Milwaukee-based company said it had profit of $1.43 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The electricity and natural gas provider posted revenue of $2.28 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $2.6 billion.
For the year, the company reported profit of $1.53 billion, or $4.83 per share. Revenue was reported as $8.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEC at https://www.zacks.com/ap/WEC