PG&E: Q2 Earnings Snapshot
OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Pacific Gas & Electric Co. (PCG) on Thursday reported second-quarter earnings of $524 million.
The Oakland, California-based company said it had net income of 24 cents per share. Earnings, adjusted for pretax expenses and amortization costs, were 31 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The utility holding company posted revenue of $5.99 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $5.83 billion.
PG&E expects full-year earnings in the range of $1.33 to $1.37 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 PCG at https://www.zacks.com/ap/PCG