WGL Holdings Inc. Reveals 2% Gain In Q1 Profit

(RTTNews) - WGL Holdings Inc. (WGL) revealed a profit for its first quarter that increased from last year.

The company said its bottom line advanced to $59.21 million, or $1.18 per share. This was up from $58.00 million, or $1.16 per share, in last year's first quarter.

Analysts had expected the company to earn $1.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.1% to $613.38 million. This was down from $749.24 million last year.

WGL Holdings Inc. earnings at a glance:

-Earnings (Q1): $59.21 Mln. vs. $58.00 Mln. last year. -Earnings Growth (Y-o-Y): 2.1% -EPS (Q1): $1.18 vs. $1.16 last year. -EPS Growth (Y-o-Y): 1.7% -Analysts Estimate: $1.25 -Revenue (Q1): $613.38 Mln vs. $749.24 Mln last year. -Revenue Change (Y-o-Y): -18.1%

-Guidance: Full year EPS guidance: $3.00 - $3.20