Xcel Energy Inc. (NYSE:XEL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Results: Adjusted Earnings Per Share increased 26.32% to $0.48 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Rose 7.94% to $2.78 billion from the year-earlier quarter. Revenue increased 9.08% from $2.55 billion in the previous quarter. EPS increased 65.52% from $0.29 in the previous quarter.
Actual vs. Wall St. Expectations: Xcel Energy Inc. reported adjusted EPS income of $0.48 per share. By that measure, the company beat the mean analyst estimate of $0.45. It beat the average revenue estimate of $2.77 billion.
Quoting Management: “We had a good first quarter delivering solid earnings, while maintaining quality service and reliability,” said Ben Fowke, Chairman, President and Chief Executive Officer. “We are reaffirming our 2013 earnings guidance of $1.85 to $1.95 per share, which is dependent on several key assumptions, including constructive outcomes in all rate case and regulatory proceedings.”