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Thursday, Aug 1
CenterPoint Energy swings to loss but beats estimates
- CenterPoint Energy (CNP -0.2%) reports Q2 EPS of $0.30, $0.04 above consensus, and revenue of $1.89B, up 24.2% Y/Y and slightly ahead of the $1.66B consensus.
- Operating margin narrowed to 11.8% from 19.8%.
- Field services' operating earnings fell 61% and revenue slid 47% Y/Y; electric transmission and distribution operating income dropped 14% as revenue fell 3%.
- Reaffirms FY 2013 guidance, seeing EPS of $1.17-$1.25 vs. $1.22 consensus.