CMS Energy (CMS) Tops Q3 EPS by 1c, Updates FY18 Guidance and Offers FY19 Guidance
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CMS Energy Announces Third Quarter Earnings Of $0.59 Per Share, Raises 2018 Guidance And Introduces 2019 Guidance
October 25, 2018 7:00 AM EDTJACKSON, Mich., Oct. 25, 2018 /PRNewswire/ -- CMS Energy announced today reported net income of $169 million, or $0.59 per share, for the third quarter of 2018. For the first nine months of the year, the company announced reported net income available to common stockholders of $549 million or $1.94 per share, and adjusted earnings per share of $1.93. The company raised its guidance for 2018 adjusted earnings per share to $2.31 - $2.34 per share (*See below for important information about non-GAAP measures). Additionally, CMS Energy introduced 2019 adjusted earnings per share guidance of $2.46 to $2.50, reflecting continued growth of 6 to 8 percent.
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