Xcel Energy Inc (XEL) has released its first-quarter results, which demonstrate a year-on-year increase in profit. Outperforming market predictions, the company's earnings reached a total of $488 million, equating to $0.88 per share, up from $418 million, or $0.76 per share, in the same period last year.
Analysts had, on average, predicted the company's earnings would stand at $0.78 per share, according to data gathered by Thomson Reuters. It's worth noting that such estimates often do not include special items.
Xcel Energy Inc's revenue for the quarter did see a fall of 10.5%, however, slipping to $3.65 billion from last year's $4.08 billion.
In brief (according to the GAAP), Xcel Energy Inc's earnings for this quarter are:
- Earnings (Q1): $488 million, up from $418 million last year
- EPS (Q1): $0.88, up from $0.76 last year
- Revenue (Q1): $3.65 billion, down from $4.08 billion last year
Looking forward, the company offers a full-year EPS guidance in the range of $3.50 to $3.60.
