Williams Q4 Profit Misses Estimate

(RTTNews) - Williams Companies, Inc. (WMB) reported net income for the fourth quarter of $193 million or $0.26 per share, compared to a net loss of $14 million or $0.02 per share for the year-ago quarter.

Adjusted income form continuing operations for the fourth quarter was $124 million or $0.16 per share, compared to $148 million or $0.22 per share in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the fourth quarter.

Guidance for Williams' 2015 cash dividend is $2.38 per share with an annual growth rate of 10 percent to 15 percent through 2017 with growing coverage.