Williams (NYSE:WMB) reported on Monday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Williams announced earnings per share of $0.26 on revenue of $1.91B. Analysts polled by anticipated EPS of $0.26 on revenue of $2.11B. That with comparison to EPS of $0.16 on revenue of $2.05B in the same period a year before. Williams had reported EPS of $0.24 on revenue of $2.11B in the previous quarter. Analysts are expecting EPS of $0.24 and revenue of $2.03B in the upcoming quarter.
Williams shares are down 19.35% from the beginning of the year , still down 34.17% from its 52 week high of $29.06 set on July 10, 2019. They are under-performing the S&P 500 which is down 12.39% year to date.
Williams follows other major Energy sector earnings this month
Williams's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $0.53 on revenue of $56.16B, compared to forecasts EPS of $0.01 on revenue of $53.53B.
Chevron had beat expectations on Friday with first quarter EPS of $1.29 on revenue of $31.5B, compared to forecast for EPS of $0.65 on revenue of $29.14B.
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