Ameren's Net Rises

Margins improve.
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Energy provider

Ameren

(AEE) - Get Report

said its third-quarter profit rose 4.6% from a year ago, helped by better margins from the electric segment.

The St. Louis-based company earned $293 million, or $1.42 a share, in the third quarter, compared with $280 million, or $1.37 a share, a year ago. The latest-quarter earnings reflect costs and lost electric margins resulting from severe 2006 storms totaling about $31 million, or 10 cents a share. Analysts polled by Thomson First Call were expecting earnings of $1.36 a share.

Third-quarter revenue rose marginally from a year ago to $1.91 billion in line with analysts' estimate.

The company reaffirmed its full year 2006 non-GAAP earnings of $2.75 to $3.00 per share. Ameren's guidance excludes the impact of the severe 2006 storms which is estimated to be 13 cents to 15 cents a share. Analysts expect the company to earn $2.81 a share.

The company's shares were up 10 cents at $53.92 Friday.

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