Investing.com - CMS Energy reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CMS Energy announced earnings per share of $0.53 on revenue of $1.92B. Analysts polled by Investing.com anticipated EPS of $0.4532 on revenue of $1.59B.
CMS Energy shares are up 2% from the beginning of the year and are trading at $66.71 , down-from-52-week-high.They are outperforming the S&P 500 which is down 15.58% from the start of the year.
CMS Energy follows other major Utilities sector earnings this month
CMS Energy's report follows an earnings beat by NextEra Energy on July 22, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Southern had beat expectations on Thursday with second quarter EPS of $1.07 on revenue of $7.21B, compared to forecast for EPS of $0.8449 on revenue of $5.44B.
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