Market Overview

UPDATE: Alliant Energy Q1 Net Profit Drops 51%

Alliant Energy Corp (NYSE: LNT) reported a 51% drop in its first-quarter income.

Alliant's quarterly profit fell to $38.9 million, or $0.36 per share, from $79.7 million, or $0.65 per share, in the year-ago period. Excluding special items, Alliant's earnings from continuing operations came in at $0.50 per share.

Alliant's operating revenue declined 13% to $765.7 million. However, analysts were expecting earnings of $0.63 per share on revenue of $822 million.

Alliant's operating margin declined to 12.5% from 14.5%.

Alliant shares closed at $44.66 yesterday.

Posted-In: profitEarnings News

 

Most Popular

Related Articles (LNT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free