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CenterPoint Energy Inc (CNP) announced a profit for second quarter that fell from the same period last year.


RTTNews | Aug 6, 2020 06:40AM EDT

06:40 Thursday, August 6, 2020 (RTTNews.com) - CenterPoint Energy Inc (CNP) announced a profit for second quarter that fell from the same period last year.

The company's profit totaled $59 million, or $0.11 per share. This compares with $165 million, or $0.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.8% to $1.58 billion from $1.66 billion last year.

CenterPoint Energy Inc earnings at a glance:

-Earnings (Q2): $59 Mln. vs. $165 Mln. last year.-EPS (Q2): $0.11 vs. $0.33 last year.-Analysts Estimate: $0.21-Revenue (Q2): $1.58 Bln vs. $1.66 Bln last year.

-Guidance:Full year EPS guidance: $1.10 - $1.20

Read the original article on RTTNews ( https://www.rttnews.com/3119023/centerpoint-energy-inc-bottom-line-drops-in-q2.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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