Investing.com - DTE Energy reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DTE Energy announced earnings per share of $1.7 on revenue of $2.75B. Analysts polled by Investing.com anticipated EPS of $1.36 on revenue of $2.72B.
DTE Energy shares are down 3% from the beginning of the year and are trading at $117.16 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.02% from the start of the year.
DTE Energy shares gained 1.10% in intra-day trade the report.
DTE Energy follows other major Utilities sector earnings this month
DTE Energy's report follows an earnings beat by NextEra Energy on Friday, who reported EPS of $0.71 on revenue of $3.93B, compared to forecasts EPS of $0.6977 on revenue of $4.97B.
Iberdrola SA had missed expectations on July 21 with second quarter EPS of $0.3772 on revenue of $10.21B, compared to forecast for EPS of $0.3774 on revenue of $9.67B.
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