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Article: Great Plains Energy Announces Strong 2004 Results; Company Establishes 2005 Earnings Guidance.
- Article from:
- Business Wire
- Article date:
- February 2, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KANSAS CITY, Mo. -- Great Plains Energy Incorporated (NYSE:GXP) today announced full year 2004 earnings available for common shareholders of $179.2 million, compared to 2003 earnings of $143.3 million. Earnings per share in 2004 increased to $2.49 on more shares outstanding compared to $2.07 in 2003.
Ongoing earnings, defined by the Company as Generally Accepted Accounting Principles (GAAP) earnings adjusted for certain unusual items, in the full year 2004 were $177.2 million, a 19% increase over 2003. Ongoing earnings per share in 2004 were $2.46 on more shares outstanding compared to $2.15 in 2003. The unusual items excluded from ongoing earnings in 2004 were a ...