Publish date:

Dynegy Sees Fourth-Quarter Earnings Above Previous View




expects an electrifying fourth quarter.

The energy company, which based in Houston, said today it expects to "significantly exceed" previous fourth-quarter earnings estimates of 22 cents to 25 cents a share. According to

First Call/Thomson Financial

TheStreet Recommends

, 14 analysts produced a consensus estimate of 25 cents a share for the company's fourth quarter.

Image placeholder title

In addition, Dynegy reaffirmed that it is comfortable with the upper range of current estimates for 2001, which it said translates into a 30% increase over 2000 earnings. Analysts on average are expecting fiscal 2000 earnings of $1.34 a share and fiscal 2001 earnings of $1.75 a share. The company earned 44 cents in 1999.

Shares of the company recently dropped $4, or 8.2%, to $44.75 in

New York Stock Exchange