DTE Energy Q4 Profit From Cont. Ops. Declines; Lifts 2014 Operating EPS Guidance

(RTTNews) - DTE Energy (DTE) reported that its fourth-quarter income from continuing operations decreased to $126 million or $0.70 per share, from $139 million or $0.79 per share, last year. Net income attributable to company was $124 million or $0.70 per share, compared to $81 million or $0.47 per share, a year ago. Operating earnings per share was $1.01, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues were $2.53 billion, compared to $2.35 billion, prior year. Analysts expected revenue of $2.44 billion for the quarter. DTE Energy increased its previously communicated 2014 operating earnings guidance of $4.15 to $4.39 per share to $4.20 to $4.40 per share. Analysts expect the company to report 2014 earnings per share of $4.30.