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CenterPoint Energy Inc Q1 adjusted earnings Miss Estimates

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

The company's bottom line totaled $140 million, or $0.28 per share. This compares with $165 million, or $0.38 per share, in last year's first quarter.

Excluding items, CenterPoint Energy Inc reported adjusted earnings of $222 million or $0.46 per share for the period.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.7% to $3.53 billion from $3.16 billion last year.

CenterPoint Energy Inc earnings at a glance:

-Earnings (Q1): $222 Mln. vs. $241 Mln. last year.
-EPS (Q1): $0.46 vs. $0.55 last year.
-Analysts Estimate: $0.52
-Revenue (Q1): $3.53 Bln vs. $3.16 Bln last year.

-Guidance:
Full year EPS guidance: $1.60 - $1.70

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