ST LOUIS (AP) — ST LOUIS (AP) — Ameren Corp. (AEE) on Wednesday reported third-quarter earnings of $640 million.
The St. Louis-based company said it had net income of $2.35 per share. Earnings, adjusted for pretax gains, were $2.17 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.
The utility posted revenue of $2.7 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.41 billion.
Ameren expects full-year earnings in the range of $4.90 to $5.10 per share.
Ameren shares have increased 14% since the beginning of the year, while the S&P’s 500 index has climbed 16%. In the final minutes of trading on Wednesday, shares hit $101.28, a climb of 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEE at https://www.zacks.com/ap/AEE
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