Reuters logo
Alliant Energy profit beats estimates
August 3, 2012 / 11:26 AM / 5 years ago

Alliant Energy profit beats estimates

(Reuters) - Alliant Energy Corp (LNT.N) reported a better-than-expected quarterly profit on lower costs, and the power provider said it expects full-year profit to be at the top end of its forecast, boosted by warmer weather.

Alliant expects a profit of between $2.75 and $3.05 per share.

April-June net profit from continuing operations rose to $65.5 million, or 60 cents per share, from $50.3 million, or 45 cents per share a year earlier.

Excluding items, the company earned 58 cents.

Operating expenses fell 9 percent to $581.5 million.

Operating revenue dropped 3 percent to $690.3 million.

Analysts on average had expected a profit of 46 cents per share on revenue of $699.7 million.

Shares of the company closed at $46.56 on the New York Stock Exchange on Thursday.

Reporting by Sunayan Bhattacharjee in Bangalore; Editing by Maju Samuel

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below