MILWAUKEE (AP) — MILWAUKEE (AP) — WEC Energy Group Inc. (WEC) on Monday reported first-quarter net income of $507.5 million.
The Milwaukee-based company said it had profit of $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The electricity and natural gas provider posted revenue of $2.89 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.92 billion.
WEC Energy expects full-year earnings to be $4.58 to $4.62 per share.
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