Stock Update - (NYSE:WMB) Ups Guidance, Stock Surge

To get free alerts on Top Stocks, subscribe to Stock Markets Alerts by visiting:  http://www.pennystockpickreport.com/

Williams Companies, Inc. (NYSE:WMB) jumped up 5% to $19.16 after today it reported that third-quarter net income fell 61%. Williams earned $143 million, or 24 cents a share, against $366 million, or 62 cents, in the year-earlier quarter. Adjusted earnings were 25 cents against 55 cents. A survey of analysts by FactSet Research produced a consensus estimate of 19 cents a profit. "Lower energy commodity prices in third-quarter 2009, compared to the relatively high prices in third-quarter 2008," hurt results from exploration and production and from midstream operations, Williams said in a Thursday statement.

The Williams Companies, Inc. is a natural gas company. It primarily finds, produces, gathers, processes and transports natural gas. Its operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, the Eastern Seaboard, and the province of Alberta in Canada.

ABOUT PennyStockPickReport.com

 Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.