ST LOUIS (AP) — ST LOUIS (AP) — Ameren Corp. (AEE) on Thursday reported second-quarter earnings of $314 million.
The St. Louis-based company said it had net income of $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The utility posted revenue of $2.09 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $2.4 billion.
Ameren expects full-year earnings to be $5.25 to $5.45 per share.
Ameren shares have risen nearly 9% since the beginning of the year, while the S&P’s 500 index has increased nearly 9%. In the final minutes of trading on Thursday, shares hit $108.75, a rise of nearly 9% 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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