DTE Energy Boosts FY22 Operating Earnings Outlook

RTTNews | 1128 gün önce
DTE Energy Boosts FY22 Operating Earnings Outlook

(RTTNews) - While reporting financial results for the second quarter on Thursday, gas and electric utility DTE Energy Co. (DTE) raised its operating earnings guidance for the full-year 2022, based on the first-half results.

For fiscal 2022, DTE Energy now projects operating earnings in a range of $5.90 to $6.10 per share, up from the prior guidance range of $5.80 to $6.00 per share.

On average, 17 analysts polled by Thomson Reuters expect the company to report earnings of $5.98 per share for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net earnings of $37 million or $0.19 per share, sharply lower than $179 million or $0.92 per share in the prior-year quarter.

Excluding items, operating earnings for the quarter was $0.88 per share, compared to $1.22 per share in the year-ago quarter.

The Street was looking for earnings of $1.06 per share for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Etiketler: DTE
read more
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 2s 16 dakika önce
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 3s 0 dakika önce
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 3s 29 dakika önce