JACKSON, Mich. (AP) _ CMS Energy Corp. (CMS) on Thursday reported fourth-quarter net income of $167 million.
The Jackson, Michigan-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring costs, came to 68 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The energy company posted revenue of $1.8 billion in the period.
For the year, the company reported profit of $680 million, or $2.39 per share. Revenue was reported as $6.85 billion.
CMS Energy expects full-year earnings in the range of $2.64 to $2.68 per share.
CMS Energy shares have climbed 7% since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 1%. The stock has risen 32% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMS at https://www.zacks.com/ap/CMS
Automated Insights, source Associated Press News