Investing.com - Pacific Gas&Electric reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pacific Gas&Electric announced earnings per share of $0.89 on revenue of $4.31B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $5.09B. That with comparison to EPS of $1.04 on revenue of $4.01B in the same period a year before.Pacific Gas&Electric had reported EPS of $0.68 on revenue of $4.74B in the previous quarter.Analysts are expecting EPS of $1.11 and revenue of $4.72B in the upcoming quarter.
Pacific Gas&Electric shares are down 2.12% from the beginning of the year and are trading at $10.50 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Pacific Gas&Electric shares lost 1.32% 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 April 22, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.27 on revenue of $4.64B.
Southern had beat expectations on Thursday with first quarter EPS of $0.78 on revenue of $5.02B, compared to forecast for EPS of $0.71 on revenue of $5.47B.
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