Rochester,NY 8/8/2009 2:52:32 AM
Great Plains Energy Inc.GXP gains profit.
Great Plains Energy Inc
Great Plains Energy Inc. said that it got positive earnings in the second quarter after facing a loss in the same quarter a year ago.Great Plains announced the company's earnings of $33.3 million, or 26 cents a share , in contrast to its $5.4 million, or 6-cent loss in last year’s second quarter.
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In 2008,Revenue for the quarter was $480.5 million, up 43 percent from $335 million .Revenue fell short on one analyst’s estimate of $495 million .But the company beat four analysts’ earnings estimate of 13 cents a share.
Great Plains Chairman and CEO Mike Chesser said in a written statement that we have achieved a lot from last June. We completed the transaction just over a year ago, and today those operations are positively contributing a lot to our financials.
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