| CMS Energy misses 4Q profit forecasts | |
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JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Thursday reported fourth-quarter net income of $96 million.
On a per-share basis, the Jackson, Michigan-based company said it had profit of 35 cents.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The energy company posted revenue of $1.76 billion in the period, which beat Street forecasts. Analysts expected $1.58 billion, according to Zacks.
For the year, the company reported profit of $477 million, or $1.74 per share. Revenue was reported as $7.18 billion.
CMS Energy expects full-year earnings in the range of $1.86 to $1.89 per share.
CMS Energy shares have increased 7 percent since the beginning of the year, while the Standard & Poor's 500 index has declined nearly 3 percent. The stock has climbed 38 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMS at http://www.zacks.com/ap/CMS
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Keywords: CMS Energy, Earnings Report
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CMS Energy Corporation
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CODE : CMS |
ISIN : US1258961002 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
CMS Energy est une société de production minière basée aux Etats-Unis D'Amerique. CMS Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,6 milliards US$ (17,6 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 avril 2014 à 0,12 US$, et son plus haut niveau récent le 19 septembre 2024 à 69,23 US$. CMS Energy possède 282 420 406 actions en circulation. |