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DTE Energy: 2Q Earnings Snapshot

DETROIT (AP) _ DTE Energy Co. (DTE) on Wednesday reported second-quarter earnings of $234 million.

The Detroit-based company said it had profit of $1.29 per share. Earnings, adjusted for non-recurring costs, were $1.36 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The utility posted revenue of $3.16 billion in the period.

DTE Energy expects full-year earnings in the range of $5.94 to $6.32 per share.

DTE Energy shares have fallen slightly more than 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 6 percent. The stock has increased slightly 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 DTE at https://www.zacks.com/ap/DTE