DTE Energy (DTE) Tops Q3 EPS by 28c; Raises Outlook

DTE Energy (NYSE: DTE) reported Q3 EPS of $1.88, $0.28 better than the analyst estimate of $1.60. Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $2.65 billion.

GUIDANCE:

DTE Energy sees FY2016 EPS of $5.09-$5.35, versus prior guidance of $4.91-$5.19 and the consensus of $5.19.

Operating earnings for the third quarter 2016 were $353 million, or $1.96 per diluted share, compared with 2015 operating earnings of $252 million, or $1.40 per diluted share. Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release.

In reflecting on the third quarter, DTE Energy Chairman and CEO Gerry Anderson commented, "I am pleased with our third quarter financial results and am excited about the recent accomplishments by the company that are important to our state, as well as the communities and customers we serve."

For earnings history and earnings-related data on DTE Energy (DTE) click here.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• Warren Buffet's Berkshire stock target raised at UBS into earnings
• 'A moment of truth' for Tesla and Musk is here - Wedbush