WEC Energy: Q1 Earnings Snapshot
By AP News
Published - May 01, 2023, 07:09 AM ET
Last Updated - Jun 22, 2023, 12:37 AM EDT
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.
