DTE Energy Q3 Profit Decreases; Increases 2014 Guidance - Quick Facts

(RTTNews) - DTE Energy (DTE) reported that its third-quarter net income to company decreased to $156 million, or $0.88 per share, from $198 million, or $1.13 per share, last year. Operating earnings for the third quarter 2014 were $181 million, or $1.02 per share.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $1.06 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $2.60 billion from $2.39 billion, a year ago. Analysts expected revenue of $2.47 billion for the quarter.

DTE Energy narrowed and increased its 2014 operating earnings guidance to $4.28 to $4.42 from $4.20 to $4.40 per diluted share. The company said it is confident in raising operating earnings guidance from a mid-point of $4.30 to $4.35 for 2014. Analysts expect the company to report 2014 earnings per share of $4.39.