MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Xcel Energy Inc. (XEL) on Thursday reported third-quarter earnings of $682 million.
On a per-share basis, the Minneapolis-based company said it had profit of $1.21. Earnings, adjusted for non-recurring costs, came to $1.25 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The utility posted revenue of $3.64 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $3.97 billion.
Xcel expects full-year earnings in the range of $3.50 to $3.60 per share.
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