CenterPoint Energy Inc. (CNP) disclosed its third-quarter earnings, revealing a decline from the previous year and failing to meet analysts' expectations.
The company posted earnings of $193 million, equivalent to $0.30 per share, in contrast to $256 million, or $0.40 per share, in the same quarter last year.
When excluding specific items, CenterPoint Energy Inc. achieved adjusted earnings of $198 million, or $0.31 per share, for this quarter.
According to data compiled by Thomson Reuters, analysts had anticipated earnings of $0.32 per share, with typical estimates not accounting for special items.
Summary of CenterPoint Energy Inc. earnings (GAAP):
- Third Quarter Earnings: $193 million, compared to $256 million in the previous year.
- Third Quarter EPS: $0.30, compared to $0.40 last year.
Bold guidance for the full year suggests EPS will range from $1.61 to $1.63.
