DTE Energy beats by $0.07, beats on revs; increases FY17 EPS guidance (106.30)
- Reports Q2 (Jun) earnings of $1.07 per share, $0.07 better than the Capital IQ Consensus of $1.00; revenues rose 26.2% year/year to $2.86 bln vs the $2.35 bln Capital IQ Consensus.
- Co raises guidance for FY17, sees EPS of $5.26-5.57 (Prior $5.15-5.46) vs. $5.33 Capital IQ Consensus Estimate.
- "We are confident in raising our operating earnings guidance from a midpoint of $5.31 to $5.42 per share based on our continued strong performance within our non-utility businesses