Alliant Energy Corporation (LNT) noted an increase in its fourth-quarter earnings compared to the previous fiscal year, although the earnings failed to meet Wall Street forecasts. The corporation reported profits totaling $121 million, equating to $0.47 per share, an increase compared to the previous year's fourth quarter, which recorded $108 million, or $0.43 per share.
Upon excluding specific items, Alliant Energy reported an adjusted income of $123 million, or $0.48 per share for the designated period. On average, analysts had predicted a profit of $0.55 per share, based on data compiled by Thomson Reuters. These projections typically exclude any special items.
Unfortunately, the company's revenue for the quarter slipped by 9.4%, dropping from last year's $1.06 billion to the current $0.96 billion. Here are the key points from Alliant Energy Corporation's earnings (as per the Generally Accepted Accounting Principles):
- The fourth-quarter earnings stood at $121 million, an increase from $108 million in the previous year.
- The Earnings Per Share (EPS) for the fourth quarter were recorded at $0.47, rising from $0.43 last year.
- The analysts had estimated an EPS of $0.55.
- The fourth-quarter revenue was $0.96 billion, a drop from $1.06 billion during the same period last year.
