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Vectren beats 3Q profit forecasts

EVANSVILLE, Ind. (AP) _ Vectren Corp. (VVC) on Thursday reported third-quarter net income of $61.9 million.

On a per-share basis, the Evansville, Indiana-based company said it had profit of 75 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The utility posted revenue of $691.2 million in the period.

Vectren expects full-year revenue in the range of $2.6 million to $2.7 million.

Vectren shares have risen 28 percent since the beginning of the year. The stock has climbed 39 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VVC at https://www.zacks.com/ap/VVC