TULSA, Okla. (AP) — TULSA, Okla. (AP) — Williams Cos. (WMB) on Monday reported third-quarter profit of $700 million.
The Tulsa, Oklahoma-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring gains, were 54 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The pipeline operator posted revenue of $3.22 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.19 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMB at https://www.zacks.com/ap/WMB
