WASHINGTON (dpa-AFX) - CMS Energy Corp. (CMS) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $251 million, or $0.84 per share. This compares with $174 million, or $0.60 per share, in last year's third quarter.
Excluding items, CMS Energy Corp. reported adjusted earnings of $251 million or $0.84 per share for the period.
Analysts on average had expected the company to earn $0.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.2% to $1.743 billion from $1.673 billion last year.
CMS Energy Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $251 Mln. vs. $174 Mln. last year. -EPS (Q3): $0.84 vs. $0.60 last year. -Revenue (Q3): $1.743 Bln vs. $1.673 Bln last year.
-Guidance: Full year EPS guidance: $3.29 - $3.35
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