Alliant Energy Q2 Profit Tops Estimates, Backs FY13 Earnings View - Quick Facts

(RTTNews) - Alliant Energy Corporation, (LNT), a utility company providing electricity and natural gas services, reported an almost flat second-quarter net income, in spite of increase in revenues, which were offset by higher expenses. However, earnings per share surpassed the Street estimates. The company affirmed its full-year earnings per share outlook.

Net income attributable to Alliant Energy common shareowners was $65.3 million or $0.59 per share, compared with $65.9 million or $0.60 per share during the same quarter last year. On average, eight analysts polled by Thomson Reuters expected earnings per share of $0.55 for the quarter. Analysts' estimates typically exclude one-time items.

Operating revenues for the three-month period increased to $718 million, from prior year's $690.3 million. The Street expected the company to generate revenues of $683.06 million.

Operating expenses for the second quarter, however increased to $614.8 million from $581.5 million reported during the corresponding quarter last year.

Looking forward, seeing stable economy and normal weather conditions, the company said it still expects earnings of $2.95 - $3.25 per share for the full year. Analysts expect the company to report earnings of $3.13 per share.