SmarTrend(R) DOWNTREND Alert: Great Plains Energy Inc. (NYSE:GXP)
Wed. February 11, 2009; Posted: 01:47 PM
Feb 11, 2009 (Comtex SmarTrend(R) Spotlight via COMTEX) --
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PowerRating -- Great Plains Energy Inc. (NYSE:GXP) reported fourth quarter results for the quarter ended December 31. Net income for the quarter totaled $6.6 million, or $0.06 per share, missing analyst estimates of $0.24 per share. Net income for the fiscal year 2008 was $152.9 million, or $1.51 per share, narrowly missing analyst estimates of $1.52 per share. The company lowered its fiscal 2009 outlook for EPS from the previously estimated range of $1.30 - $1.60, to a range of $1.10 - $1.40 per share. Analyst estimates for fiscal 2009 earnings are $1.44 per share, on revenue of $2.28 billion. The company also cut its dividend by 50% to $0.2075 per share.
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