UGI Corp. (UGI) announced a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $496 million, or $2.30 per share. This compares with $110 million, or $0.51 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 20.6% to $2.47 billion from $3.11 billion last year.
UGI Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $496 Mln. vs. $110 Mln. last year.
-EPS (Q2): $2.30 vs. $0.51 last year.
-Revenue (Q2): $2.47 Bln vs. $3.11 Bln last year.
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