Dynegy Powers Up 3Q Profits Well Ahead of Forecasts

Dynegy Inc.’s two-year restructuring struggle paid handsome returns in the third quarter, with the Houston-based company reporting profit nearly 16 times above the same period a year ago, and well above analyst forecasts. The company now expects 2004 earnings to range between 20-25 cents — busting an earlier guidance of 3-8 cents.

November 1, 2004