Alliant Energy Q3 Profit Rises - Quick Facts

(RTTNews) - Alliant Energy Corp. (LNT) reported that its third-quarter net income attributable to shareowners increased to $157.6 million, from $150.7 million, prior year. Consolidated earnings per share was $1.42, compared to $1.36, a year ago. Earnings per share from continuing operations increased year-over-year to $1.43, from $1.34. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $1.34 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues were $866.6 million, compared to $887.6 million, previous year. Analysts expected revenue of $1.03 billion for the quarter.

Alliant Energy increased its 2013 consolidated earnings per share guidance $3.15 - $3.30, compared to previous guidance of $2.95 - $3.25. Analysts expect the company to report profit per share of $3.13 for fiscal 2013. Alliant Energy expects 2014 consolidated earnings per share in the range of $3.25-$3.55. Analysts expect the company to report profit per share of $3.31 for 2014. Alliant Energy's Board approved a $0.16 per share increase in its 2014 expected annual common stock dividend target to $2.04 per share from the current annual common stock dividend target of $1.88 per share.