Investing.com - Pacific Gas&Electric reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pacific Gas&Electric announced earnings per share of $0.27 on revenue of $5.22B. Analysts polled by Investing.com anticipated EPS of $0.2764 on revenue of $4.98B.
Pacific Gas&Electric shares are down 26.57% 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 1.09% 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 23, who reported EPS of $0.71 on revenue of $3.93B, compared to forecasts EPS of $0.6977 on revenue of $4.97B.
Iberdrola SA had missed expectations on July 21 with second quarter EPS of $0.3772 on revenue of $10.21B, compared to forecast for EPS of $0.3774 on revenue of $9.67B.
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