DTE Energy Q4 Profit Falls; Reaffirms 2016 Operating EPS View

(RTTNews) - DTE Energy (DTE) reported that its net income attributable to the company for the fourth-quarter fell to $80 million or $0.45 per share from $299 million or $1.68 per share in the prior year.

Operating earnings per share declined to $1.01 from $1.17 last year.

Operating revenues dropped to $2.487 billion from $3.078 billion in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.99 per share and revenues of $3.17 billion. Analysts' estimates typically exclude special items.

DTE Energy reaffirmed 2016 operating EPS guidance of $4.80 to $5.05, which was provided in the September early outlook. Analysts expect the company to report earnings of $4.95 per share.