Vectren Q3 Profit Rises; Backs FY13 EPS Outlook - Quick Facts

(RTTNews) - Vectren Corp. (VVC) Thursday reported third-quarter net income of $42.8 million, or $0.52 per share, compared to $39.3 million, or $0.48 per share in the same period last year.

Adjusted earnings for the quarter was $42.8 million or $0.52 per share, up from $41.7 million, or $0.50 per share in the comparable quarter last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues improved to $579.60 million from $513.50 million last year, while four analysts expected revenues of $541.96 million.

Looking ahead, the company continues to expect full-year earnings guidance in the range of $1.90 to $2.10 per share. Analysts currently expect full-year earnings of $2.03 per share.