Dow Jones Newswires | Integrys Energy Group Inc. reported net
income attributed to common shareholders of $49.5 million or $0.64 per
share for the first quarter, compared to a loss of $180.2 million or
$2.35 per share in the same quarter a year-ago.

Adjusted earnings for the quarter were $1.49 per share, down from $1.56 per share in the prior year quarter. On average, 3 analysts polled by Thomson Reuters expected the company to report earnings of $1.51 per share for the quarter. Analysts’ estimates typically exclude one-time items.

Looking ahead, the company reduced its fiscal 2010 earnings per share outlook to a range of $2.94 – $3.22 from its prior outlook of $3.09 – $3.37. Analysts estimate earnings of $3.12 per share for fiscal 2010.