OGE Energy (OGE) Q1 Earnings Lag Estimates, Revenues Rise Y/Y

OGE Energy Corp. (OGE) shares rose 1.5% to reach $35.57 on May 6 following the release of its first-quarter 2024 results.The company reported first-quarter 2024 earnings of 9 cents per share, which lagged the Zacks Consensus Estimate of 35 cents by 74.3%. The figure also declined 52.6% from 19 cents per share recorded in the year-ago quarter.RevenuesOGE’s operating revenues of $596.8 million rose 7.1% from $557.2 million recorded in the prior-year quarter. However, the top line missed the Zacks Consensus Es ...