CMS Energy: Q2 Earnings Snapshot
JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Thursday reported second-quarter profit of $176 million.
On a per-share basis, the Jackson, Michigan-based company said it had profit of 61 cents. Earnings, adjusted to account for discontinued operations, came to 55 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The energy company posted revenue of $1.56 billion in the period.
CMS Energy expects full-year earnings in the range of $2.61 to $2.65 per share.
CMS Energy shares have risen 2% since the beginning of the year, while the S&P’s 500 index has risen 17%. The stock has dropped 2% in the last 12 months.