Alliant Energy Q4 Profit Down; Backs 2014 EPS View - Quick Facts

(RTTNews) - Alliant Energy Corp. (LNT) reported that its fourth-quarter net income attributable to common shareowners declined to $65.5 million from last year's $68.3 million, with net income per share decreasing to $0.59 from $0.62 in the year ago quarter.

Non-GAAP earnings per share for the latest-quarter were $0.55. Income from continuing operations was $0.60 per share, down from $0.64 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share for the quarter. Analysts' estimates typically exclude special items.

But, operating revenues for the quarter rose to $832.6 million from $750.9 million in the prior year quarter. Two analysts had consensus revenue estimate of $772.68 million for the quarter.

The company still expects 2014 consolidated earnings per share to be in the range of $3.25-$3.55. Analysts project annual earnings per share of $3.37.

In 2014, the company expects to see the earnings benefit of increasing IPL and WPL rate base and AFUDC resulting from utility investments.