Ameren Corp (AEE) Releases Earnings Results, Beats Expectations By $0.06 EPS

Ameren Corp (AEE) reported quarterly earnings results on Friday, Aug-5-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.52. The company posted revenue of $1427.00 million in the period, compared to analysts expectations of $1452.82 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Ameren Corp opened for trading at $51.71 and hit $52.19 on the upside on Thursday, eventually ending the session at $51.84, with a gain of 0.37% or 0.19 points. The heightened volatility saw the trading volume jump to 14,74,181 shares. Company has a market cap of $12,578 M.

Ameren Corporation (Ameren) is a utility holding company. The Company operates in two segments: Ameren Missouri and Ameren Illinois. The Company’s subsidiaries include Ameren Missouri and Ameren Illinois. Ameren also has a subsidiary ATXI that operates a FERC rate-regulated electric transmission business. Ameren Missouri operates a rate-regulated electric generation transmission and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. It supplies electric and natural gas service to a 24000-square-mile area in central and eastern Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois. Ameren Illinois supplies electric and natural gas utility service to portions of central and southern Illinois in an area of 40000 square miles.

Ameren Corp

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