Seeking Alpha

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.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector