Pinnacle West Capital Corp. (PNW) reported earnings for its third quarter that rose from last year.
The company said its bottom line rose to $257.12 million, or $2.30 per share. This was higher than $243.96 million, or $2.20 per share, in last year's third quarter.
Analysts had expected the company to earn $2.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 2.6% to $1.20 billion. This was up from $1.17 billion last year.
Pinnacle West Capital Corp. earnings at a glance:
-Earnings (Q3): $257.12 Mln. vs. $243.96 Mln. last year.
-Earnings Growth (Y-o-Y): 5.4%
-EPS (Q3): $2.30 vs. $2.20 last year.
-EPS Growth (Y-o-Y): 4.5%
-Analysts Estimate: $2.32
-Revenue (Q3): $1.20 Bln vs. $1.17 Bln last year.
-Revenue Change (Y-o-Y): 2.6%
-Guidance:
Full year EPS guidance: $3.75 - $3.95
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