AmeriGas Propane reports 4Q earnings of 30 cents a share, including gain |
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Published
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Wed, 14 Nov 2007 14:50 |
NEW YORK (Thomson Financial) - AmeriGas Propane Inc., a general partner of AmeriGas Partners LP, Wednesday reported fourth-quarter net income of $21 million, or 30 cents a share, including a gain of $46.1 million from the sale of a propane storage facility in Arizona.The mean estimate of analysts polled by Thomson Financial was for a loss of 26 cents a share.Revenue for the quarter rose to $417.1 million from $391.8 million a year earlier, slightly topping Wall Street's $414.5 million.For 2008, the company reaffirmed its previous outlook for pretax income of $300 million to $310 million.Shares of AmeriGas closed at $35.40 on Tuesday.Christie Rizkcr/pcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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