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CenterPoint Energy Inc Q1 adjusted earnings Beat Estimates

CenterPoint Energy Inc (CNP) reported earnings for first quarter that declined from the same period last year.

The company's profit came in at $165 million, or $0.38 per share. This compares with $192 million, or $0.44 per share, in last year's first quarter.

Excluding items, CenterPoint Energy Inc reported adjusted earnings of $241 million or $0.55 per share for the period.

Analysts had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.8% to $3.16 billion from $2.73 billion last year.

CenterPoint Energy Inc earnings at a glance:

-Earnings (Q1): $241 Mln. vs. $160 Mln. last year.
-EPS (Q1): $0.55 vs. $0.37 last year.
-Analysts Estimate: $0.44
-Revenue (Q1): $3.16 Bln vs. $2.73 Bln last year.

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