DTE Energy: 3Q Earnings Snapshot
DETROIT (AP) _ DTE Energy Co. (DTE) on Monday reported third-quarter profit of $319 million.
On a per-share basis, the Detroit-based company said it had profit of $1.73. Earnings, adjusted for non-recurring costs, came to $1.91 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
DTE Energy expects full-year earnings in the range of $6.06 to $6.40 per share.
DTE Energy shares have increased 16% since the beginning of the year, while the Standard & Poor’s 500 index has risen 21%. The stock has climbed 14% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DTE at https://www.zacks.com/ap/DTE