CMS Energy Corp. Q2 adjusted earnings Miss Estimates

(RTTNews) - CMS Energy Corp. (CMS) released earnings for second quarter that dropped from last year.

The company's profit totaled $93 million, or $0.33 per share. This compares with $139 million, or $0.49 per share, in last year's second quarter.

Excluding items, CMS Energy Corp. reported adjusted earnings of $93 million or $0.33 per share for the period.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.7% to $1.45 billion from $1.49 billion last year.

CMS Energy Corp. earnings at a glance:

-Earnings (Q2): $93 Mln. vs. $137 Mln. last year. -EPS (Q2): $0.33 vs. $0.48 last year. -Analysts Estimate: $0.37 -Revenue (Q2): $1.45 Bln vs. $1.49 Bln last year.

-Guidance: Full year EPS guidance: $2.47 - $2.51