Ameren Raises FY17 EPS Guidance

Ameren shares were over 2% higher pre-market Friday after the utility holding firm reported Q2 EPS that met expectations on revenues that beat a single estimate and raised its FY17 EPS outlook. EPS increased to $0.79 in the June quarter, from $0.61, a year ago, matching the average of two analysts polled by Capital IQ.

Q2 revenue increased to $1.54 billion from $1.43 billion which beat a single forecast for $1.42 billion. Moving forward, the company raised its FY17 EPS guidance by $0.05 per share to become in the range of $2.70 to $2.90. Analysts are expecting EPS of $2.77.

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