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Williams Cos.: 3Q Earnings Snapshot

·1 min read

TULSA, Okla. (AP) _ Williams Cos. (WMB) on Monday reported third-quarter net income of $309 million.

The Tulsa, Oklahoma-based company said it had net income of 25 cents per share. Earnings, adjusted for non-recurring costs, were 27 cents per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share.

The pipeline operator posted revenue of $1.93 billion in the period.

Williams Cos. expects full-year earnings in the range of 95 cents to $1.20 per share.

Williams Cos. shares have fallen 21% since the beginning of the year, while the Standard & Poor's 500 index has climbed 2.5%. In the final minutes of trading on Monday, shares hit $18.77, a fall of 16% in the last 12 months.

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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