Alliant Energy (LNT) Lags On Q4 Earnings, Keeps '18 EPS View
Zacks Investment Research | Feb 22, 2018 09:31PM ET
Alliant Energy Corporation (NYSE:LNT) reported fourth-quarter 2017 operating earnings from continuing operations of 33 cents per share, missing the Zacks Consensus Estimate of 38 cents by 13.2%. However, reported earnings increased from 28 cents in the year-ago quarter.
On a GAAP basis, Alliant Energy reported earnings of 41 cents per share, up from 28 cents a year ago. The difference between GAAP and adjusted earnings was primarily due to the IPL retail electric rate review settlement and the effects of the tax reform.
For 2017, Alliant Energy reported operating earnings of $1.93 per share, up 3.2% from 2016.
Total Revenues
Total revenues in the fourth quarter came in at $856.1 million, increasing 7.4% year over year. The rise was owing to higher year-over-year contribution from its Electric and Gas utility.
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