CMS Energy: 2Q Earnings Snapshot
Posted Aug 3, 2020 09:12:09 AM.
Last Updated Aug 3, 2020 09:24:12 AM.
JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Monday reported second-quarter profit of $136 million.
The Jackson, Michigan-based company said it had profit of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 49 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The energy company posted revenue of $1.44 billion in the period.
CMS Energy expects full-year earnings in the range of $2.64 to $2.68 per share.
CMS Energy shares have increased 2% since the beginning of the year, while the Standard & Poor’s 500 index has increased 1%. The stock has increased almost 9% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMS at https://www.zacks.com/ap/CMS
The Associated Press
