Plus   Neg

CenterPoint Energy Inc Q3 adjusted earnings Beat Estimates

CenterPoint Energy Inc (CNP) announced a profit for its third quarter that rose from the same period last year.

The company's profit totaled $241 million, or $0.47 per share. This compares with $153 million, or $0.35 per share, in last year's third quarter.

Excluding items, CenterPoint Energy Inc reported adjusted earnings of $265 million or $0.53 per share for the period.

Analysts had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 24.0% to $2.74 billion from $2.21 billion last year.

CenterPoint Energy Inc earnings at a glance:

-Earnings (Q3): $265 Mln. vs. $170 Mln. last year.
-EPS (Q3): $0.53 vs. $0.39 last year.
-Analysts Estimate: $0.43
-Revenue (Q3): $2.74 Bln vs. $2.21 Bln last year.

Full year EPS guidance: $1.60 - $1.70

For comments and feedback contact: editorial@rttnews.com

Follow RTT