Xcel: Q2 Earnings Snapshot – mySA

MINNEAPOLIS (AP) _ Xcel Energy Inc. (XEL) on Thursday reported second-quarter net income of $328 million.

The Minneapolis-based company said it had net income of 60 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 60 cents per share.

The utility posted revenue of $3.42 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $3.18 billion.

Xcel expects full-year earnings to be $3.10 to $3.20 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XEL at https://www.zacks.com/ap/XEL

Original News Source