Enterprise Products Partners LP Reveals Advance In Q2 Income, But Misses Estimates

(RTTNews) - Enterprise Products Partners LP (EPD) reported a profit for its second quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $1.405 billion, or $0.64 per share. This compares with $1.253 billion, or $0.57 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.6% to $13.483 billion from $10.651 billion last year.

Enterprise Products Partners LP earnings at a glance (GAAP) :

-Earnings (Q2): $1.405 Bln. vs. $1.253 Bln. last year. -EPS (Q2): $0.64 vs. $0.57 last year. -Revenue (Q2): $13.483 Bln vs. $10.651 Bln last year.