Investing.com - DTE Energy reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DTE Energy announced earnings per share of $2.61 on revenue of $3.19B. Analysts polled by Investing.com anticipated EPS of $2.06 on revenue of $3.12B.
DTE Energy shares are down 1% from the beginning of the year and are trading at $128.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 5.14% from the start of the year.
DTE Energy shares gained 3.03% in intra-day trade the report.
DTE Energy follows other major Utilities sector earnings this month
DTE Energy's report follows an earnings matched by American Electric Power on Thursday, who reported EPS of $1.47 on revenue of $4.1B, compared to forecasts EPS of $1.47 on revenue of $4.4B.
NextEra Energy had missed expectations on Wednesday, October 21, 2020 with third quarter EPS of $0.67 on revenue of $4.79B, compared to forecast for EPS of $2.59 on revenue of $5.44B.
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