WASHINGTON (dpa-AFX) - Portland General Electric Company (POR) reported a profit for its first quarter that gained ground compared to the same period last year.
The company said its bottom line rose to $61 million, or $0.68 per share. This was up from $50 million, or $0.62 per share, in last year's first quarter.
Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 3.0% to $487 million. This was up from $473 million last year.
Portland General Electric Company earnings at a glance:
-Earnings (Q1): $61 Mln. vs. $50 Mln. last year. -Earnings Growth (Y-o-Y): 22.0% -EPS (Q1): $0.68 vs. $0.62 last year. -EPS Growth (Y-o-Y): 9.7% -Analysts Estimate: $0.61 -Revenue (Q1): $487 Mln vs. $473 Mln last year. -Revenue Change (Y-o-Y): 3.0%
-Guidance: Full year EPS guidance: $2.05 - $2.20
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