CMS Energy: Q4 Earnings Snapshot
JACKSON, Mich. (AP) — JACKSON, Mich. (AP) — CMS Energy Corp. (CMS) on Thursday reported fourth-quarter earnings of $309 million.
On a per-share basis, the Jackson, Michigan-based company said it had net income of $1.05.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The energy company posted revenue of $1.95 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.46 billion.
For the year, the company reported profit of $887 million, or $3.01 per share. Revenue was reported as $7.46 billion.
CMS Energy expects full-year earnings in the range of $3.29 to $3.35 per share.
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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
