Alliant Energy Corp (LNT) has reported an increase in its third-quarter profits, surpassing analysts' expectations. The company posted a net income of $295 million, or $1.15 per share, compared to $259 million, or $1.02 per share, during the same period last year.
On an adjusted basis, excluding any special items, Alliant Energy reported earnings consistent with the net figures, at $295 million or $1.15 per share. This performance exceeded the consensus prediction by analysts, who, according to data from Thomson Reuters, forecasted earnings of $1.10 per share.
Revenue for the quarter modestly increased by 0.4%, reaching $1.081 billion from $1.077 billion in the previous year.
Key financial metrics for Alliant Energy Corp during the third quarter (as per GAAP) are as follows:
- Net Earnings: Increased to $295 million from last year's $259 million.
- Earnings Per Share (EPS): Rose to $1.15 from last year's $1.02.
- Revenue: Slightly up at $1.081 billion compared to $1.077 billion a year ago.
For the full fiscal year, the company has projected its EPS (earnings per share) guidance to be in the range of $2.99 to $3.06.