TECO ENERGY INC
SymbolTE

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TECO Energy Reports Improved Third Quarter Results

2009-10-30 07:30 ET - News Release

Company Updates 2009 Outlook and Discusses Business Drivers for 2010


Company Website: http://www.tecoenergy.com/news/logos/
TAMPA, Fla. -- (Business Wire)

TECO Energy, Inc. (NYSE:TE) today reported third quarter net income of $64.8 million or $0.30 per share, compared to $58.2 million or $0.28 per share in the third quarter of 2008.

Third-quarter 2009 non-GAAP results from continuing operations, which exclude charges and gains, were $85.6 million compared to net income of $58.2 million in the 2008 period (see the Results Reconciliation table later in this release).

Year-to-date net income and earnings per share were $160.4 million or $0.75 per share in 2009, compared to $140.4 million or $0.67 per share in the same period in 2008.

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