Ameren Corp (AEE) Tops Q2 EPS by 13c, Beats on Revenues; Raises FY17 EPS Guidance

Ameren Corp (NYSE: AEE) reported Q2 EPS of $0.79, $0.13 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.42 billion.

Earnings Guidance

Ameren continues to expect 2017 earnings guidance in accordance with generally accepted accounting principles (GAAP) in a range of $2.65 to $2.85 per diluted share, which now includes an expected third quarter non-cash estimated charge of 6 cents per diluted share, primarily at the parent company, for revaluation of deferred taxes resulting from an increase in the Illinois corporate income tax rate effective July 1, 2017. Excluding this expected charge, the company expects 2017 core (non-GAAP) earnings to be in a range of $2.70 to $2.90 per diluted share, a 5-cent-per-share improvement over the prior guidance range, reflecting solid execution of Ameren's strategy.

GUIDANCE:

Ameren Corp sees FY2017 EPS of $2.70-$2.90, versus the consensus of $2.77.

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

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