Investing.com - DTE Energy reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
DTE Energy announced earnings per share of $1.72 on revenue of $3.14B. Analysts polled by Investing.com anticipated EPS of $1.83 on revenue of $3.3B.
DTE Energy shares are up 7% from the beginning of the year and are trading at $115.26 , down-from-52-week-high.They are under-performing the FTSE 100 which is up 12.48% from the start of the year.
DTE Energy shares lost 0.95% 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 Wednesday, October 20, 2021, who reported EPS of $0.75 on revenue of $4.37B, compared to forecasts EPS of $0.716 on revenue of $5.44B.
Kinder Morgan had missed expectations on Wednesday, October 20, 2021 with third quarter EPS of $0.22 on revenue of $3.82B, compared to forecast for EPS of $0.237 on revenue of $3.26B.
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