Willams Cos. Easily Beats Third-Quarter Estimates - TheStreet

Williams Cos.

(WMB) - Get Report

posted third-quarter earnings that more than quadrupled, easily beating analysts' expectations, as its electric power businesses, higher energy prices and increased productivity fueled growth.

The energy and communications company earned $121.1 million, or 27 cents a share, compared with $28.1 million, or 6 cents a share, for the same period last year. Analysts expected the company to earn 17 cents a share, according to

I/B/E/S

.

Revenue rose to $2.88 billion from $2.21 billion a year earlier.