CMS Energy Corp. Q1 Profit Beats Estimates

(RTTNews) - CMS Energy Corp. (CMS) announced earnings for first quarter that beat the Street estimates.

The company's bottom line totaled $351 million, or $1.21 per share. This compares with $349 million, or $1.21 per share, in last year's first quarter.

Excluding items, CMS Energy Corp. reported adjusted earnings of $346 million or $1.20 per share for the period.

Analysts on average had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.9% to $2.37 billion from $2.01 billion last year.

CMS Energy Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $351 Mln. vs. $349 Mln. last year. -EPS (Q1): $1.21 vs. $1.21 last year. -Analyst Estimates: $1.12 -Revenue (Q1): $2.37 Bln vs. $2.01 Bln last year.

-Guidance: Full year EPS guidance: Adj; $2.85 to $2.89