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ST LOUIS (AP) — ST LOUIS (AP) — Ameren Corp. (AEE) on Thursday reported first-quarter net income of $289 million.
The St. Louis-based company said it had net income of $1.07 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The utility posted revenue of $2.1 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $1.98 billion.
Ameren expects full-year earnings to be $4.85 to $5.05 per share.
Ameren shares have increased 10% since the beginning of the year, while the S&P's 500 index has declined nearly 5%. In the final minutes of trading on Thursday, shares hit $98.09, a climb of 32% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEE at https://www.zacks.com/ap/AEE