Ameren Corp Earnings Drop 3% In Q1

(RTTNews) - Ameren Corp (AEE) announced a profit for first quarter that dropped compared to the same period last year.

The company said its profit dropped to $105 million, or $0.43 per share. This was lower than $108 million, or $0.45 per share, in last year's first quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.3% to $1.43 billion. This was down from $1.56 billion last year.

Ameren Corp earnings at a glance:

-Earnings (Q1): $105 Mln. vs. $108 Mln. last year. -Earnings Decline (Y-o-Y): -2.8% -EPS (Q1): $0.43 vs. $0.45 last year. -EPS Decline (Y-o-Y): -4.4% -Analysts Estimate: $0.38 -Revenue (Q1): $1.43 Bln vs. $1.56 Bln last year. -Revenue Change (Y-o-Y): -8.3%

-Guidance: Full year EPS guidance: $2.40 to $2.60