UPDATE 1-Williams profit slides with natural gas prices - News

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UPDATE 1-Williams profit slides with natural gas prices

By: AFX | 29 Oct 2009 | 07:57 AM ET

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NEW YORK, Oct 29 (Reuters) - Williams Companies Inc reported a 61 percent decline in third-quarter profit on Thursday as natural gas prices tumbled from last year's record levels. The Tulsa, Oklahoma-based company said profit fell to $143 million, or 24 cents per share, from $366 million, or 62 cents per share, a year earlier. Including the change in the market value of its trading positions, earnings were 25 cents per share. Analysts on average had expected a profit of 19 cents per share, according to Thomson Reuters I/B/E/S, although it was not immediately clear if the figures were comparable. (Reporting by Matt Daily; Editing by Lisa Von Ahn) Keywords: WILLIAMS/ (matt.daily@thomsonreuters.com; Reuters Messaging: matt.daily.reuters.com@reuters.net; +1 646 223 6121) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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