Portland General Electric Company Bottom Line Rises In Q3, But Misses Estimates

Published 1 week ago Positive
Portland General Electric Company Bottom Line Rises In Q3, But Misses Estimates
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(RTTNews) - Portland General Electric Company (POR) revealed a profit for its third quarter that Increased, from last year but missed the Street estimates.

The company's earnings came in at $103 million, or $0.94 per share. This compares with $94 million, or $0.90 per share, last year.

Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 2.5% to $952 million from $929 million last year.

Portland General Electric Company earnings at a glance (GAAP) :

-Earnings: $103 Mln. vs. $94 Mln. last year. -EPS: $0.94 vs. $0.90 last year. -Revenue: $952 Mln vs. $929 Mln last year.

-Guidance: Full year EPS guidance: $3.13 - $3.33

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