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CenterPoint: Q1 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — CenterPoint Energy Inc. (CNP) on Thursday reported first-quarter net income of $316 million.

On a per-share basis, the Houston-based company said it had net income of 48 cents. Earnings, adjusted for non-recurring costs, came to 56 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The energy delivery company posted revenue of $2.98 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.02 billion.

CenterPoint expects full-year earnings in the range of $1.89 to $1.91 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNP at https://www.zacks.com/ap/CNP

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