Ameren Corp slides after posting lower Q4 profit

Ameren

22/02/2024 23:10

** Electric and gas utility Ameren Corp  AEE.N  slides ~3%
to $68.71 in extended trade
    ** Co posts lower quarterly income, hurt by weak demand for
electricity and natural gas
    ** Co forecasts profit between $4.52 and $4.72 per share for
2024
    ** Co says net income fell to $158 mln, or 60 cents/shr,
from $163 mln, or 63 cents/shr a year ago
    ** Total revenue in Q4 drop to $1.62 bln, from $2.05 bln a
year ago
    ** Stock has fallen ~17% in 2024

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))