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JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Thursday reported third-quarter profit of $94 million.
On a per-share basis, the Jackson, Michigan-based company said it had profit of 34 cents. Earnings, adjusted for restructuring costs, came to 37 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The energy company posted revenue of $1.43 billion in the period, which also fell short of Street forecasts. Analysts expected $1.53 billion, according to Zacks.
CMS Energy expects full-year earnings in the range of $1.76 to $1.78 per share.
CMS Energy shares have climbed 19 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 4 percent. The stock has increased 15 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. CMS stock research report from Zacks: http://www.zacks.com/ap/CMS
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Keywords:CMS Energy,Earnings Report
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CMS Energy Corporation
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CODE : CMS |
ISIN : US1258961002 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CMS Energy is a producing company based in United states of america. CMS Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 17.0 billions as of today (€ 15.9 billions). Its stock quote reached its lowest recent point on April 18, 2014 at US$ 0.12, and its highest recent level on April 24, 2024 at US$ 60.28. CMS Energy has 282 420 406 shares outstanding. |