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Vectren beats 4Q profit forecasts

EVANSVILLE, Ind. (AP) _ Vectren Corp. (VVC) on Wednesday reported fourth-quarter net income of $69.6 million.

The Evansville, Indiana-based company said it had profit of 84 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The utility posted revenue of $699 million in the period.

For the year, the company reported profit of $211.6 million, or $2.55 per share. Revenue was reported as $2.45 billion.

Vectren expects full-year earnings to be $2.55 to $2.65 per share.

Vectren shares have increased 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.29, an increase of 21 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VVC at https://www.zacks.com/ap/VVC


Keywords: Vectren, Earnings Report