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Xcel Energy reaffirms '08 earnings-per-share guidance

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May 1, 2008

MINNEAPOLIS—Utility company Xcel Energy Inc. on Thursday reaffirmed its guidance for full-year 2008 earnings in a range that includes the current average analyst estimate.

The company forecast earnings per share from continuing operations of $1.45 to $1.55.

Analysts polled by Thomson Financial expect, on average, $1.51 per share.

Xcel also said first-quarter profit rose 28 percent as higher electric and natural-gas margins helped offset increased expenses. Both first-quarter profit and revenue beat analyst estimates.

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