Pacific Gas & Electric Co.on Thursday reported first-quarter profit of $136 million.
The San Francisco, Calif.-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs, were $1.04 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The utility holding company posted revenue of $4.01 billion in the period.
PG&E shares have decreased roughly 9% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 17%. The stock has dropped 53% in the last 12 months.
Topics California Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Preparing for an AI Native Future 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
