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Alliant Quarterly Earnings Decline And Annual Earnings Rise

|Includes:Alliant Energy Corporation (LNT)

Originally published at www.seclive.com

Alliant Energy Corp. (NYSE:LNT) announced its financial results for the fourth-quarter of fiscal year 2013, posting a net income decline from a year-ago. The energy company's earnings were $65.5M and $0.59 per share, down from $68.3M and $0.62 per share a year-ago. Operating revenue increased from $750.9M to $832.6M, beating analyst expectations of $772.68M. Alliant, the parent company of Wisconsin Power and Light in Madison, is projecting 2014 earnings per share between $3.25 and $3.55. Full-year earnings improved 12% from $319.8M and $2.89 per share last year to $358.3M and $3.23 per share this year. Thanks to the tough winter, gas and electricity sales improved, while Chairman and CEO Patricia Kampling remarked that increased earnings will likely have little impact on utility rates due to lower expenses.

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Stocks: LNT