DETROIT (AP) — DETROIT (AP) — DTE Energy Co. (DTE) on Thursday reported fourth-quarter net income of $265 million.
On a per-share basis, the Detroit-based company said it had profit of $1.31.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
For the year, the company reported profit of $1.08 billion, or $5.52 per share.
DTE Energy expects full-year earnings in the range of $6.09 to $6.40 per share.
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