| Oneok misses 2Q profit forecasts | |
| | |
|
TULSA, Okla. (AP) _ Oneok Inc. (OKE) on Tuesday reported second-quarter net income of $85.9 million.
On a per-share basis, the Tulsa, Oklahoma-based company said it had net income of 40 cents. Earnings, adjusted to account for discontinued operations, came to 41 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The natural gas company posted revenue of $2.13 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $2.06 billion.
Oneok shares have risen 78 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5.5 percent. In the final minutes of trading on Tuesday, shares hit $43.94, a rise of 20 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OKE at http://www.zacks.com/ap/OKE
_____
Keywords: Oneok Inc., Earnings Report
|
|
|
Oneok Inc.
|
|
|
CODE : OKE |
ISIN : US6826801036 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Oneok Inc. is based in United states of america. Oneok Inc. is listed in Germany and in United States of America. Its market capitalisation is US$ 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. |