JACKSON, Mich. (AP) 鈥� JACKSON, Mich. (AP) 鈥� CMS Energy Corp. (CMS) on Tuesday reported first-quarter earnings of $340 million.
The Jackson, Michigan-based company said it had net income of $1.10 per share. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The energy company posted revenue of $2.73 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.53 billion.
CMS Energy expects full-year earnings in the range of $3.83 to $3.90 per share.
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