« Quicksilver Resources net climbs 85% as production rises
Cognizant Q1 earnings 34 cents per share vs 25 cents »

OGE Energy profit down 24.4%

LONDON (MarketWatch) — OGE Energy Corp. , the parent of Oklahoma Gas and Electric Co., said Wednesday that its first-quarter net profit fell 24.4% to $13 million, or 14 cents a share, from $17.2 million, or 19 cents a share, a year earlier. Total operating revenue for the period rose 12.8% to $994.7 million. The group said its Enogex natural has pipeline business recorded earnings of 24 cents a share compared to 17 cents a share a year earlier. Its OG&E electric utility swung to a loss of 12 cents a share, compared to earnings of 2 cents a share the year before, largely due to higher operation and maintenance expenses.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Wednesday, May 7th, 2008 at 6:48 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply