Enterprise Products Partners LP Q3 Earnings Drop 6%

(RTTNews) - Enterprise Products Partners LP (EPD) announced a profit for third quarter that dropped compared to the same period last year.

The company said its earnings fell to $658 million, or $0.32 per share. This was lower than $699 million, or $0.37 per share, in last year's third quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 48.8% to $6.31 billion. This was down from $12.33 billion last year.

Enterprise Products Partners LP earnings at a glance:

-Earnings (Q3): $658 Mln. vs. $699 Mln. last year. -Earnings Decline (Y-o-Y): -5.9% -EPS (Q3): $0.32 vs. $0.37 last year. -EPS Decline (Y-o-Y): -13.5% -Analysts Estimate: $0.33 -Revenue (Q3): $6.31 Bln vs. $12.33 Bln last year. -Revenue Change (Y-o-Y): -48.8%