Investing.com - CenterPoint Energy (NYSE:CNP) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CenterPoint Energy announced earnings per share of $0.31 on revenue of $1.73B. Analysts polled by Investing.com anticipated EPS of $0.2704 on revenue of $1.69B.
CenterPoint Energy shares are up 14% from the beginning of the year, still down 3.18% from its 52 week high of $33.00 set on April 21. They are outperforming the S&P 500 which is down 14.1% from the start of the year.
CenterPoint Energy shares gained 1.03% in intra-day trade following the report.
CenterPoint Energy follows other major Utilities sector earnings this month
CenterPoint Energy's report follows an earnings beat by NextEra Energy on July 22, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Southern had beat expectations on Thursday with second quarter EPS of $1.07 on revenue of $7.21B, compared to forecast for EPS of $0.8406 on revenue of $5.44B.
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