MADISON, Wis.—Utility operator Alliant Energy Corp. on Thursday backed its 2008 profit guidance after posting a 6.6 percent increase in first-quarter profit.
Alliant said it still expects to earn $2.55 to $2.75 per share for the year. Analysts polled by Thomson Financial expect a profit of $2.69 per share for the year.
The guidance includes a slight increase in profit expectations for the company's non-regulated businesses, mainly related to the performance at its RMT and WindConnect business.
The increase is offset by a decrease in expectations for the parent company resulting from lower expected interest income as a result of lower rates on short-term investments.
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