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Ameren Corporation (NYSE:AEE) recorded third quarter 2018 core (non-GAAP) net income of $370 million

On Friday Ameren Corporation (NYSE:AEE) stock traded volume of 2453596 shares during its last trading session as compared to its average volume of 1444252 shares over the recent month. AEE ended its day with the down stream along the move of -1.1% and closed at the price of $73.81 before opening at $74.11. It has total market capitalization is $18699947406. 52 week range of the stock remained $ 62.51 – 80.85 while its day lowest price was $73.34 and its hit its day highest price at $74.92.

On Nov. 8, 2019, Ameren Corporation (NYSE:AEE) revealed third quarter 2019 GAAP and core net income attributable to common shareholders of $364 million, or $1.47 per diluted share, compared to third quarter 2018 GAAP net income attributable to common shareholders of $357 million, or $1.45 per diluted share. Excluding the prior year tax-related item reflected in the table below, Ameren recorded third quarter 2018 core (non-GAAP) net income of $370 million, or $1.50 per diluted share.

The decrease in year-over-year third quarter core earnings was primarily due to lower earnings at Ameren Illinois Electric Distribution partially offset by higher earnings at Ameren Transmission. Ameren Illinois Electric Distribution results were lower due to a lower allowed return on equity under formula ratemaking. Increased infrastructure investments drove higher earnings at Ameren Transmission. Ameren Missouri and Ameren Illinois Natural Gas earnings were comparable.

We continue to execute on all elements of our strategy, which includes significant investment in energy infrastructure and disciplined cost management in each of our business segments. Due to the strong execution of our strategy, we are narrowing our 2019 earnings guidance range to $3.23 to $3.33 per share from our initial 2019 guidance range of $3.15 to $3.35 per share, while increasing the mid-point three cents per share, said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation. Looking ahead, we will remain focused on executing our strategy in order to continue delivering superior value to our customers, the communities we serve and our shareholders.

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