Great Plains Energy Q3 Profit Declines; Lifts Lower-end Of FY13 EPS Range

(RTTNews) - Great Plains Energy (GXP) Thursday reported third-quarter net income attributable to common shareholders of $142.7 million or $0.93 per share, compared to $145.8 million or $0.95 per share last year.

On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.93 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter rose to $765.0 million from $746.2 million a year ago. Analysts expected revenues of $770.25 million for the quarter.

The company also announced it is narrowing its full-year 2013 earnings guidance range from $1.44 to $1.64 per share to $1.54 to $1.64 per share. Analysts currently estimate earnings of $1.58 per share for the year.

On November 5, 2013, Great Plains Energy announced that its Board of Directors approved a quarterly dividend of $0.23 per share on its common stock. The common dividend will be payable December 20, 2013 to shareholders of record as of November 29, 2013. The shares will begin to trade ex-dividend on November 26, 2013.