Ameren Corp (AEE) Tops Q2 EPS by 19c, Revenues Beat; Boosts FY18 EPS Guidance Above Consensus

Ameren Corp (NYSE: AEE) reported Q2 EPS of $0.97, $0.19 better than the analyst estimate of $0.78. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.54 billion.

"Our team continues to successfully execute all elements of our strategy," said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation. "Further, we have raised our 2018 guidance to a range of $3.15 to $3.35 per share, up from our prior range of $2.95 to $3.15 per share, due primarily to the benefit of extremely warm weather this quarter."

"In addition, we are very pleased Missouri has enacted forward-thinking electric grid modernization legislation that will deliver significant benefits to our customers and the state," Baxter said. "Beginning this month, rates for all customers were reduced 6 percent to pass on savings from the lower federal income tax rate. Further, this legislation supports Ameren Missouri\'s ability to invest approximately $1 billion of incremental capital over the next five years to modernize Missouri\'s electric grid and create significant jobs."

GUIDANCE:

Ameren Corp sees FY2018 EPS of $3.15-$3.35, versus the consensus of $3.05.

For earnings history and earnings-related data on Ameren Corp (AEE) click here.

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Intel (INTC) tops Q1 EPS by 3c; misses on guidance
• The Hartford (HIG) Misses Q1 EPS by 13c