CenterPoint Energy Inc Q4 Profit Increases, Inline With Estimates

CenterPoint Energy Inc (CNP) revealed earnings for its fourth quarter that increased from the same period last year in line with the Street estimates.

The company's earnings totaled $248 million, or $0.38 per share. This compares with $192 million, or $0.30 per share, last year.

Excluding items, CenterPoint Energy Inc reported adjusted earnings of $259 million or $0.40 per share for the period.

Analysts on average had expected the company to earn $0.40 per share. Analysts' estimates typically exclude special items.

CenterPoint Energy Inc earnings at a glance (GAAP) :

-Earnings: $248 Mln. vs. $192 Mln. last year.
-EPS: $0.38 vs. $0.30 last year.

by RTTNews Staff Writer

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