Cleco Corp. (CNL) Misses Q3 EPS by 11c

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Go back to Cleco Corp. (CNL) Misses Q3 EPS by 11c

Cleco Corporation reports 2015 third quarter operational earnings of $0.92 per diluted share

October 28, 2015 4:35 PM EDT

PINEVILLE, La., Oct. 28, 2015 - Cleco Corporation (NYSE: CNL) reported 2015 third quarter earnings of $54.7 million, or $0.90 per diluted share, down from $70.8 million, or $1.17 per diluted share recorded in the third quarter of 2014. Operational earnings, excluding special items, of $55.8 million, or $0.92 per diluted share, were down from $71.2 million, or $1.17 per diluted share recorded in the third quarter of 2014.

"Despite warmer weather in the third quarter, earnings year over year were much lower due to the loss of a wholesale customer late last year and the effect of a 2014 third... More