India, May 3 -- Plains All American Pipeline LP (PAA) revealed a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $266 million, or $0.29 per share. This compares with $422 million, or $0.52 per share, in last year's first quarter.
Excluding items, Plains All American Pipeline LP reported adjusted earnings of $290 million or $0.41 per share for the period.
Analysts on average had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.8% to $11.995 billion from $12.341 billion last year.
Plains All American Pipeline...