Spectra Energy Ahead of Earnings

Published on Tuesday, 03 August 2010 11:03 Written by Christian Paolinetti

New York, August 3rd (TradersHuddle.com) - Shares of Spectra Energy Corporation (NYSE:SE) are trading lower by -0.19% ahead of its quarterly earnings release. Spectra Energy, the natural gas distributor is expected to release its quarterly results on August 4^th.

Wall Street Analysts consensus calls for a profit of $0.29 a share on $1.04 billion revenue.

Spectra Energy estimates have a range of $0.09 a share. The high estimate calls for profit of $0.35 a share and the low estimate is calling for a profit of $0.26 a share, a year ago for the quarter the company reported $0.22 a share.

Spectra Energy Corporation (NYSE:SE) transmits, stores, distributes, gathers, and processes natural gas. The Company provides transportation and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada and the Pacific Northwest in the United States and Canada, and the province of Ontario, Canada.