|
Name | Last | Chg |
---|---|---|
Dow Jones | 38675.68 | 1.18% |
NASDAQ | 16156.33 | 1.99% |
|
Name | Last | Chg |
---|---|---|
Dow Jones | 38675.68 | 1.18% |
NASDAQ | 16156.33 | 1.99% |
Symbol | Last | Chg |
---|---|---|
BENF | 6.8200 | 255.21% |
SGBX | 5.5400 | 89.08% |
AIP | 8.2100 | 38.45% |
LUNA | 3.0600 | 36.00% |
KOSS | 3.1000 | 29.71% |
Symbol | Last | Chg |
---|---|---|
MNDR | 3.3900 | 84.64% |
NUVO | 2.0400 | 56.69% |
SPT | 28.8200 | 40.15% |
UNIT | 4.4400 | 26.37% |
CRDF | 3.5200 | 21.43% |
Symbol | Last | Chg |
---|---|---|
AAPL | 183.3800 | 5.98% |
SQQQ | 11.0800 | 5.94% |
JAGX | 0.3180 | 8.46% |
NKLA | 0.6575 | 7.35% |
SGBX | 5.5400 | 89.08% |
(Updates to add details from company call, analyst comment in
paragraph 5 through 8)
By Srivastava Vallari
April 25 (Reuters) - CMS Energy
in first-quarter profit on Thursday, as the electric and gas
utility benefitted from higher sales and improved weather which
lowered storm-related restoration costs.
Operating expenses for the first quarter, which include
restoration costs, fell to $1.76 billion from $1.97 billion in
the year-ago quarter.
U.S. natural gas futures
in the January-March quarter, which helped utilities such as CMS
Energy reduce their costs.
Peers such as Xcel Energy
benefitted from lower operating expenses and beat analysts'
expectations for first-quarter profit earlier today.
CMS Energy, during its post-earnings call, said it had
secured a contract with a large data center in Michigan earlier
this year. Utilities such as Southern Co
and American Electric Power
AI and data center boom as a tailwind for earnings.
"This is nice load growth. And I'm even more excited about
the manufacturing load growth we are seeing in Michigan, which
is a differentiator for us," said CEO Garrick Rochow.
CMS Energy, which provides services to about 6.8 million
customers across Michigan, also reaffirmed its full-year
adjusted profit forecast of $3.29 to $3.35 per share, compared
with analysts' estimates of $3.33 per share, per LSEG data.
"Forecast is conservative as always on this front, but we
see the trends as encouraging," Scotiabank analyst Andrew Weisel
said in a note.
The Jackson, Michigan-based firm said net income
attributable to shareholders rose to $285 million, or 96 cents
per share, in the quarter ended March 31, from $202 million, or
69 cents per share, a year ago.
(Reporting by Vallari Srivastava in Bengaluru; Editing by Vijay
Kishore and Ravi Prakash Kumar)
((Srivastava.Vallari@thomsonreuters.com;))