Allegheny Energy Inc. (AYE) reported that its third-quarter net income attributable to the company was $77.0 million or $0.45 per share, compared to $89.0 million or $0.52 per share in the same quarter last year.
Adjusted income for the quarter was $ 100.1 million or $0.59 per share, compared to $91.4 million or $0.54 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items.
Adjusted net income for the third quarter of 2009 excludes $19.3 million of pre-tax interest expense related to a debt tender offer and net unrealized pre-tax losses of $18.3 million on economic hedges that do not qualify for hedge accounting. Adjusted net income for the third quarter of 2008 excludes $4.0 million of unrealized pre-tax losses on economic hedges.
Operating revenues for the quarter were $793.7 million, compared to $849.6 million in the prior year quarter. Three analysts had consensus revenue estimate of $952.14 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.