(RTTNews) -  Integrys Energy Group, Inc. (TEG: News ) posted third quarter GAAP net income attributed to common shareholders of $51.1 million or $0.66 per share, compared to a net loss attributed to common shareholders of $59.1 million or $0.77 per share last year.

Excluding items, Integrys Energy Group's earnings attributed to common shareholders of $25.0 million or $0.33 diluted earnings per share, compared to $20.5 million or $0.27 diluted earnings per share a year earlier.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.31 per share for the quarter. Analysts' estimates typically exclude one-time items.
Looking forward, for the fiscal year 2009, the company expects adjusted earnings per share to be between $2.26 and $2.38.

Integrys Energy Group reiterates its expected long-term diluted earnings per share growth rate of 4% to 6%, on an average annualized basis, with 2011 as its base year.

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by RTT Staff Writer

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