01.02.2024 14:13:35 - dpa-AFX: CMS Energy Corp. Q4 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - CMS Energy Corp. (CMS) released a profit for its
fourth quarter that increased from the same period last year and beat the
Street estimates.

The company's bottom line came in at $306 million, or $1.05 per share. This
compares with $168 million, or $0.58 per share, in last year's fourth quarter.

Excluding items, CMS Energy Corp. reported adjusted earnings of $308 million or
$1.05 per share for the period.

Analysts on average had expected the company to earn $1.04 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 14.5% to $1.95 billion from $2.28
billion last year.

CMS Energy Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $306 Mln. vs. $168 Mln. last year.
-EPS (Q4): $1.05 vs. $0.58 last year.
-Analyst Estimate: $1.04
-Revenue (Q4): $1.95 Bln vs. $2.28 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CMS ENERGY CORP. DL-,01 850795 Frankfurt 56,000 11.06.24 08:02:15 ±0,000 ±0,00% 56,000 56,500 56,000 56,000

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