Vectren Reports Profit In Q2; Updates 2014 Guidance - Quick Facts

(RTTNews) - Vectren Corporation (VVC) reported second-quarter net income of $11.9 million or $0.14 per share, compared to a loss of $5.8 million or $0.07 per share, prior year. Net income was $30.1 million, or $0.37 per share, excluding the results of Coal Mining.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.38 for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues increased to $542.5 million from $531.0 million. Analysts expected revenue of $572.05 million for the quarter.

The company updated its 2014 guidance to expected consolidated earnings of $2.25 to $2.35 per share, excluding the results from Coal Mining. This compares to the previously announced consolidated guidance range of $2.15 to $2.35 per share. Analysts expect the company to report 2014 earnings per share of $2.26.