Investing.com - CenterPoint Energy reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
CenterPoint Energy announced earnings per share of $0.47 on revenue of $2.53B. Analysts polled by Investing.com anticipated EPS of $0.4803 on revenue of $2.57B.
CenterPoint Energy shares are up 8% from the beginning of the year and are trading at $30.22 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% from the start of the year.
CenterPoint Energy follows other major Utilities sector earnings this month
CenterPoint Energy's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Southern had beat expectations on Thursday with first quarter EPS of $0.97 on revenue of $6.65B, compared to forecast for EPS of $0.9069 on revenue of $6B.
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