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Alliant Energy Q2 EPS falls short of analyst expectations

Alliant Energy Corp. on Aug. 1 reported net income attributable to its shareholders of $94.6 million, or 40 cents per share, in the second quarter of 2019, compared to $100.4 million, or 43 cents per share, in the same quarter of 2018.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 44 cents.

Revenues for the quarter totaled $790.2 million, compared to $816.1 million a year earlier. The company also reported operating income of $149.8 million, a drop from $151.2 million in the prior-year quarter.

Alliant Energy reaffirmed its 2019 consolidated EPS guidance range of $2.17 to $2.31. "With continued focus on cost management, and higher year-to-date sales due to temperatures, we are forecasting 2019 earnings toward the top half of our 2019 earnings guidance range," said John Larsen, Alliant Energy chairman, president and CEO.