(RTTNews) – Public Service Enterprise Group Inc (PEG) reported third-quarter earnings that were higher than the same period last year and beat Street estimates.
Operating income amounted to $139 million, or $0.27 per share. This compares with $114 million, or $0.22 per share, in the third quarter of last year.
Excluding items, Public Service Enterprise Group Inc reported adjusted earnings of $425 million, or $0.85 per share, for the period.
Analysts on average expected the company to earn $0.71 per share, according to figures from Thomson Reuters. Analyst estimates generally exclude exceptional items.
The company’s revenue for the quarter rose 8.4% to $2.46 billion, compared to $2.27 billion last year.
Public Service Enterprise Group Inc’s earnings at a glance (GAAP):
-Earnings (Q3): $139 million. vs. $114 million. last year. -EPS (Q3): $0.27 vs. $0.22 last year. – Analyst estimate: $0.71 – Revenue (Q3): $2.46 billion vs. $2.27 billion last year.
-Accompaniment: Full year EPS guidance: $3.40 – $3.50
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