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CMS Energy: 1Q Earnings Snapshot

JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Thursday reported first-quarter net income of $241 million.

The Jackson, Michigan-based company said it had profit of 86 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.

The energy company posted revenue of $1.95 billion in the period.

CMS Energy expects full-year earnings in the range of $2.30 to $2.34 per share.

CMS Energy shares have dropped 3 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen slightly more than 1 percent. The stock has risen nearly 1 percent 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 CMS at https://www.zacks.com/ap/CMS