| Oneok beats 3Q profit forecasts | |
| | |
|
TULSA, Okla. (AP) _ Oneok Inc. (OKE) on Tuesday reported net income of $64.5 million in its third quarter.
On a per-share basis, the Tulsa, Oklahoma-based company said it had net income of 31 cents. Earnings, adjusted for asset impairment costs and to account for discontinued operations, were 40 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The natural gas company posted revenue of $3.12 billion in the period.
Oneok shares have declined 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 9 percent. In the final minutes of trading on Tuesday, shares hit $56.50, a drop of 1 percent in the last 12 months.
_____
This story was generated by Automated Insights using data from Zacks Investment Research. OKE stock research report from Zacks.
_____
Keywords:Oneok Inc.,Earnings Report
|
|
|
Oneok Inc.
|
|
|
CODE : OKE |
ISIN : US6826801036 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Oneok Inc. is based in United states of america. Oneok Inc. is listed in Germany and in United States of America. Its market capitalisation is US$ 33.4 billions as of today (€ 31.2 billions). Its stock quote reached its lowest recent point on May 04, 1990 at US$ 1.43, and its highest recent level on April 25, 2024 at US$ 81.38. Oneok Inc. has 410 634 227 shares outstanding. |