Alliant Energy Corp (LNT) has reported a decline in profits for the second quarter, falling short of Wall Street expectations.
The company's earnings totaled $87 million, or $0.34 per share, compared to $160 million, or $0.64 per share, in the same period last year.
When excluding special items, Alliant Energy Corp's adjusted earnings stood at $0.57 per share for the quarter.
Analysts, on average, had anticipated earnings of $0.64 per share, based on data from Thomson Reuters. Typically, analysts' estimates do not include special items.
The company's revenue for the quarter dropped by 2.0%, falling to $894 million from $912 million the previous year.
**Alliant Energy Corp Earnings Snapshots (GAAP):**
- **Earnings (Q2):** $87 million vs. $160 million last year
- **EPS (Q2):** $0.34 vs. $0.64 last year
- **Revenue (Q2):** $894 million vs. $912 million last year
**Guidance:**
- Full-year EPS guidance: $2.99 - $3.13
