This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vectren Earnings Fall

Vectren (VVC - Get Report), an energy holding company, said its third-quarter earnings fell 27.3% from a year ago.

The Evansville, Ind.-based company earned $12 million, or 16 cents a share, compared with $16.5 million, or 22 cents a share, a year ago. Excluding the results from synfuels-related activities, the company earned $11.4 million, or 15 cents a share, in the quarter, compared with $13.2 million, or 18 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of 22 cents a share in the most recent quarter.

Third-quarter revenue rose 9.6% to $340.5 million.

The company affirmed its full-year earnings guidance of $1.55 to $1.70 a share. Analysts are expecting earnings of $1.64 a share in 2006.

Vectren expects synfuel-related operations to produce a loss of 3 cents a share to 4 cents a share related to 2006 production, and the company is in the process of hedging 2007 expected production.

Operating profit decreased 5% to $28.4 million and operating profit margin declined 130 basis points to 8.3%.







This story was created through a joint venture between TheStreet.com and IRIS.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
VVC $44.89 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs