Utilities and Utility rates

Vectren's third-quarter profit, revenue dive

October 30, 2009

Evansville-based energy company Vectren Corp. reported a 47-percent drop in profit for its fiscal third quarter.

The company said on Friday it earned $12.4 million, or 15 cents per share, on revenue of $349.6 million, for the quarter ended Sept. 30. That compares to a profit of $23.2 million, or 29 cents per share, on revenues of $411.4 million during the same period last year.

Vectren confirmed its earnings guidance for 2009 of $1.60 to $1.80 per share.

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