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Spectra Energy 1Q Profit Slides 19 Percent
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HOUSTON (AP) Natural gas transport and storage company Spectra Energy Corp. on Tuesday said its first-quarter net income fell 19 percent, as weaker commodity prices and exchange rates cut away at margins.
Quarterly earnings fell to $298 million, or 47 cents per share, from $367 million, or 58 cents per share, in the prior-year period.
Results include a nonrecurring $85 million gain at the field services business segment. ...
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