DTE Energy: Q2 Earnings Snapshot
DETROIT (AP) _ DTE Energy Co. (DTE) on Tuesday reported second-quarter profit of $179 million.
The Detroit-based company said it had profit of 92 cents per share. Earnings, adjusted for non-recurring costs, came to $1.70 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
DTE Energy expects full-year earnings to be $5.62 to $5.92 per share.
DTE Energy shares have fallen nearly 5% since the beginning of the year, while the S&P’s 500 index has risen 18%. The stock has increased 1% in the last 12 months.