Investing.com - ONEOK (NYSE:OKE) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.75 on revenue of $3.39B. Analysts polled by Investing.com expected EPS of $0.7 on revenue of $3.48B. That compared to EPS of $0.53 on revenue of $2.91B in the same period a year earlier. The company had reported EPS of $0.68 on revenue of $2.96B in the previous quarter.
ONEOK shares slightly moved 0.00% to trade at $63.27 in after-hours trade following the report.
For the year, ONEOK shares are up 18.37%, outperforming the S&P 500 which is down 0.04% year to date.
ONEOK follows other major Energy sector earnings this month
On Friday, Total ADR reported third quarter EPS of $1.47 on revenue of $48.4B, compared to forecasts of EPS of $1.41 on revenue of $48.86B.
BP (LON:BP) ADR earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.15 on revenue of $80.8B. Investing.com analysts expected EPS of $0.87 on revenue of $23.47B
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