Xcel: 2Q Earnings Snapshot
MINNEAPOLIS (AP) _ Xcel Energy Inc. (XEL) on Thursday reported second-quarter profit of $265 million.
On a per-share basis, the Minneapolis-based company said it had profit of 52 cents.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The utility posted revenue of $2.66 billion in the period.
Xcel expects full-year earnings to be $2.41 to $2.51 per share.
Xcel shares have declined 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6.5 percent. The stock has decreased 2 percent in the last 12 months.