Investing.com - Pacific Gas&Electric reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pacific Gas&Electric announced earnings per share of $0.22 on revenue of $4.88B. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $4.72B.
Pacific Gas&Electric shares are down 10.76% from the beginning of the year and are trading at $9.60 , 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 lost 1.03% 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 October 21, who reported EPS of $2.66 on revenue of $4.79B, compared to forecasts EPS of $2.59 on revenue of $5.44B.
Southern had beat expectations on Thursday with third quarter EPS of $1.22 on revenue of $5.62B, compared to forecast for EPS of $1.21 on revenue of $6.36B.
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