CMS Energy Corp. (CMS) released earnings for its third quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $174 million, or $0.60 per share. This compares with $163 million, or $0.56 per share, in last year's third quarter.
Excluding items, CMS Energy Corp. reported adjusted earnings of $178 million or $0.61 per share for the period.
Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 17.3% to $1.67 billion from $2.02 billion last year.
CMS Energy Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $174 Mln. vs. $163 Mln. last year.
-EPS (Q3): $0.60 vs. $0.56 last year.
-Analyst Estimate: $0.67
-Revenue (Q3): $1.67 Bln vs. $2.02 Bln last year.
-Guidance:
Full year EPS guidance: $3.06 to $3.12
For comments and feedback contact: editorial@rttnews.com