WEC ENERGY SECOND QUARTER EARNINGS

WEC Energy Group has reported second-quarter earnings of $241.6 million. On a pershare basis, the Milwaukee-based company said it had net income of 76 cents. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. The electricity and natural gas provider posted revenue of $1.55 billion in the period. WEC Energy expects full-year earnings to be $3.71 to $3.75 per share. WEC Energy shares have increased three percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than two percent. The stock has climbed slightly more than nine percent in the last 12 months.
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