DTE Energy (DTE) Friday said its first-quarter earnings fell to $273 million or $1.53 per share from $326 million or $1.84 per share in 2014.
Excluding items, operating earnings were $1.65 per share, while it totaled $1.69 per share last year. On average, 9 analysts polled by Thomson Reuters expected earnings of $1.53 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues dropped to $2.984 billion from $3.930 billion. Analysts expected revenues of $3.53 billion.
Gerard Anderson, DTE Energy chairman and CEO, said, "DTE Energy's solid first quarter performance sets us squarely on the path to achieve our financial and operational goals for 2015."
Further, DTE Energy reiterated its 2015 operating earnings per share guidance of $4.48 to $4.72. Analysts look for earnings of $4.62 per share.
For comments and feedback contact: editorial@rttnews.com
Business News