CenterPoint: 3Q Earnings Snapshot
HOUSTON (AP) _ CenterPoint Energy Inc. (CNP) on Thursday reported third-quarter profit of $158 million.
The Houston-based company said it had net income of 35 cents per share. Earnings, adjusted for non-recurring costs, came to 39 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The energy delivery company posted revenue of $2.21 billion in the period.
CenterPoint expects full-year earnings in the range of $1.50 to $1.60 per share.
CenterPoint shares have declined slightly since the beginning of the year, while the Standard & Poor’s 500 index has risen 5 percent. The stock has dropped slightly more than 5 percent in the last 12 months.