CenterPoint Energy (CNP) Misses Q3 EPS by 3c, Revenues Beat; Offers FY18 EPS Outlook

CenterPoint Energy (NYSE: CNP) reported Q3 EPS of $0.39, $0.03 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.1 billion.

"Our businesses performed well this quarter, in line with our expectations, and we remain on track to achieve the high end of our EPS guidance range," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "In addition, the remaining approvals required for our pending merger with Vectren are on schedule, and we expect the transaction to be completed in the first quarter of 2019."

GUIDANCE:

CenterPoint Energy sees FY2018 EPS of $1.50-$1.60, versus the consensus of $1.58.

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

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