Investing.com - Pacific Gas&Electric reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Pacific Gas&Electric announced earnings per share of $1.03 on revenue of $4.53B. Analysts polled by Investing.com anticipated EPS of $0.77 on revenue of $4.73B.
Pacific Gas&Electric shares are down 15.36% from the beginning of the year and are trading at $9.25 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Pacific Gas&Electric shares gained 0.54% in pre-market trade the report.
Pacific Gas&Electric follows other major Utilities sector earnings this month
Pacific Gas&Electric's report follows an earnings beat by NextEra Energy on July 24, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Enbridge had beat expectations on Wednesday with second quarter EPS of $0.42 on revenue of $10.52B, compared to forecast for EPS of $0.41 on revenue of $9.17B.
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