WASHINGTON (dpa-AFX) - (Adds Outlook)
CenterPoint Energy Inc (CNP) reported a profit for third quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $189 million, or $0.30 per share. This compares with $195 million, or $0.32 per share, in last year's third quarter.
Excluding items, CenterPoint Energy Inc reported adjusted earnings of $206 million or $0.32 per share for the period.
Analysts on average had expected the company to earn $0.3 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Outlook:
Looking ahead, for the fiscal 2022, CenterPoint Energy reaffirmed its guidance. For the full-year, the company still expects adjusted EPS of $1.37 to $1.39. It also initiated 2023 non-GAAP earnings guidance in the range of $1.48-$1.50, which represents an 8% growth over 2022.
Analysts on average expect the company to report earnings of $1.38 a share for 2022 and $1.49 for 2023.
CenterPoint Energy Inc earnings at a glance (GAAP) :
-Earnings (Q3): $189 Mln. vs. $195 Mln. last year. -EPS (Q3): $0.30 vs. $0.32 last year. -Analyst Estimates: $0.3
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX