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DTE Energy: 4Q Earnings Snapshot

DETROIT (AP) _ DTE Energy Co. (DTE) on Thursday reported fourth-quarter profit of $191 million.

On a per-share basis, the Detroit-based company said it had net income of $1.05. Earnings, adjusted for non-recurring gains, were 91 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The utility posted revenue of $3.75 billion in the period.

For the year, the company reported profit of $1.12 billion, or $6.17 per share. Revenue was reported as $14.21 billion.

DTE Energy expects full-year earnings in the range of $5.97 to $6.33 per share.

DTE Energy shares have risen slightly more than 6 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 7 percent. The stock has climbed 15 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 DTE at https://www.zacks.com/ap/DTE