Ameren Beats, Ups Guidance
Before the bell, Ameren Corporation (NYSE:AEE) reported third quarter 2011 results with pro forma earnings of 1.57 per share, comfortably surpassing the prior-year figure of $1.40 per share and the Zacks Consensus Estimate of $1.29 per share. The results were driven by electric rate increase at Illinois and Missouri, lower non-fuel operations and maintenance expenses, [...]
Before the bell, Ameren Corporation (NYSE:AEE) reported third quarter 2011 results with pro forma earnings of 1.57 per share, comfortably surpassing the prior-year figure of $1.40 per share and the Zacks Consensus Estimate of $1.29 per share.
The results were driven by electric rate increase at Illinois and Missouri, lower non-fuel operations and maintenance expenses, warmer weather and lower interest expense. The positives were, however, partially offset by reduced margins in the merchant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards