CenterPoint Energy Inc Q2 Profit Decreases, Misses Estimates

(RTTNews) - CenterPoint Energy Inc (CNP) announced earnings for second quarter that Decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $198 million, or $0.30 per share. This compares with $228 million, or $0.36 per share, last year.

Excluding items, CenterPoint Energy Inc reported adjusted earnings of $188 million or $0.29 per share for the period.

Analysts on average had expected the company to earn $0.3 per share. Analysts' estimates typically exclude special items.

CenterPoint Energy Inc earnings at a glance (GAAP) :

-Earnings: $198 Mln. vs. $228 Mln. last year. -EPS: $0.30 vs. $0.36 last year.

-Guidance: Full year EPS guidance: $1.74 - $1.76