Investing.com - DTE Energy reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
DTE Energy announced earnings per share of $1.66 on revenue of $3.33B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $3.45B. That with comparison to EPS of $2.05 on revenue of $3.51B in the same period a year before.DTE Energy had reported EPS of $1.35 on revenue of $3.15B in the previous quarter.Analysts are expecting EPS of $1.08 and revenue of $2.97B in the upcoming quarter.
DTE Energy shares are down 18% from the beginning of the year and are trading at $106.32 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.75% year to date.
DTE Energy follows other major Utilities sector earnings this month
DTE Energy's report follows an earnings beat by NextEra Energy on Wednesday, April 22, 2020, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.27 on revenue of $4.64B.
Kinder Morgan had missed expectations on Wednesday, April 22, 2020 with first quarter EPS of $0.24 on revenue of $3.11B, compared to forecast for EPS of $0.25 on revenue of $3.41B.
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