CenterPoint Energy Reports Earnings in Line with Expectations
HOUSTON, TX - CenterPoint Energy Inc. (CNP) reported a fourth-quarter profit of $248 million, meeting Wall Street estimates. Earnings per share were 38 cents on a reported basis and 40 cents after adjusting for non-recurring costs.
The results were in line with the average estimate of four analysts surveyed by Zacks Investment Research, who also predicted earnings of 40 cents per share. Revenue for the period was $2.26 billion, slightly below the $2.28 billion expected by analysts.
For the full year, CenterPoint reported a profit of $1.02 billion or $1.58 per share, on revenue of $8.64 billion. The company expects earnings in the range of $1.74 to $1.76 per share for the upcoming year.