CMS Energy (CMS) Tops Q3 EPS by 9c; Boosts FY16 EPS Outlook
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CMS Energy Announces Third Quarter Earnings of $0.67 Per Share, or $0.70 Per Share on an Adjusted Basis; Raises Adjusted 2016 Earnings Guidance Into the High End of Range; Introduces Adjusted 2017 Ear
October 27, 2016 7:34 AM EDTJACKSON, Mich., Oct. 27, 2016 /PRNewswire/ -- CMS Energy announced today reported net income of $186 million, or $0.67 per share, for the third quarter of 2016 and $474 million, or $1.70 per share, for the first nine months of the year. On an adjusted basis, which excludes a one-time charge of $0.03 per share reflecting the company's voluntary separation program, the company had net income of $194 million, or $0.70 per share, for the third quarter and $482 million, or $1.73 per share, for the first nine months of the year. Adjusted earnings per share improved by $0.22 for the first 9 months versus the same period last... More
