Traders Watching 1 Stock After Earnings, but 2 Others Miss the Mark

Cleco (NYSE:CNL) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 14.29% to $0.36 in the quarter versus EPS of $0.42 in the year-earlier quarter. Revenue decreased 1.68% to $235.1 million from the year-earlier quarter.

Cleco reported adjusted EPS income of $0.36 per share. By that measure, the company missed the mean analyst estimate of $0.48. It missed the average revenue estimate of $241.38 million.