JACKSON, Mich. (AP) — JACKSON, Mich. (AP) — CMS Energy Corp. (CMS) on Thursday reported fourth-quarter earnings of $265 million.
The Jackson, Michigan-based company said it had profit of 87 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The energy company posted revenue of $1.99 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $2.14 billion.
For the year, the company reported profit of $1 billion, or $3.33 per share. Revenue was reported as $7.52 billion.
CMS Energy expects full-year earnings in the range of $3.54 to $3.60 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMS at https://www.zacks.com/ap/CMS
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.