WASHINGTON (dpa-AFX) - PG&E Corp. (PCG) announced a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's bottom line totaled $823 million, or $0.37 per share. This compares with $576 million, or $0.27 per share, last year.
Excluding items, PG&E Corp. reported adjusted earnings of $1.142 billion or $0.50 per share for the period.
Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.2% to $6.250 billion from $5.941 billion last year.
PG&E Corp. earnings at a glance (GAAP) :
-Earnings: $823 Mln. vs. $576 Mln. last year. -EPS: $0.37 vs. $0.27 last year. -Revenue: $6.250 Bln vs. $5.941 Bln last year.
-Guidance: Full year EPS guidance: $1.49 to $1.51
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