DETROIT (AP) _ DTE Energy Co. (DTE) on Tuesday reported second-quarter net income of $277 million.

On a per-share basis, the Detroit-based company said it had net income of $1.44. Earnings, adjusted for non-recurring costs, came to $1.53 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

DTE Energy shares have dropped 12% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped 11% 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 DTE at https://www.zacks.com/ap/DTE

Automated Insights, source Associated Press News