Investing.com - DTE Energy reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
DTE Energy announced earnings per share of $1.53 on revenue of $2.89B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $2.93B.
DTE Energy shares are down 11% from the beginning of the year and are trading at $114.92 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.33% from the start of the year.
DTE Energy shares gained 0.80% in intra-day trade after the report.
DTE Energy follows other major Utilities sector earnings this month
DTE Energy's report follows an earnings beat by NextEra Energy on Friday, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Kinder Morgan had matched expectations on Wednesday, July 22, 2020 with second quarter EPS of $0.17 on revenue of $2.56B, compared to forecast for EPS of $0.17 on revenue of $2.9B.
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