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Equitable Resources Powers Past Targets
| Earnings Scorecard | ||
| Actual | Estimated* | Year-Ago |
| $1.19 | $1.102 | $0.79 |
 | ||
Equitable Resources (EQT Quote) reported fourth-quarter earnings that powered past analysts' expectations and projected 35% to 40% earnings-per-share growth for 2001.
The Pittsburgh-based energy company said that, excluding special items, it earned $39.6 million, or $1.19 a share, compared with $26.4 million, or 79 cents a share, in the same period last year. Analysts, on average, expected fourth-quarter earnings of $1.10 a share, according to First Call/Thomson Financial.
Revenue for the quarter was $152.3 million, compared with $122.3 million last year. ...
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