CMS Energy: 3Q Earnings Snapshot
CMS Energy: 3Q Earnings Snapshot
JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Thursday reported third-quarter net income of $169 million.
On a per-share basis, the Jackson, Michigan-based company said it had profit of 59 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The energy company posted revenue of $1.6 billion in the period.
CMS Energy expects full-year earnings in the range of $2.31 to $2.34 per share.
CMS Energy shares have increased slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has declined nearly 1 percent. The stock has increased nearly 7 percent 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
