Spectra Misses in Q2

Spectra Energy Corp. (SE) reported second-quarter earnings of 27 cents per share, below the Zacks Consensus Estimate of 29 cents, but ahead of the year-earlier profit of 22 cents. The year-over-year result benefited from Spectra’s fee-based businesses, improved commodity prices at its Field Services business, and a stronger Canadian dollar. The company’s operating revenues were $1,063 [...]