Investing.com - Pacific Gas&Electric reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pacific Gas&Electric announced earnings per share of $0.21 on revenue of $4.76B. Analysts polled by Investing.com anticipated EPS of $0.2108 on revenue of $4.78B.
Pacific Gas&Electric shares are down 9.23% from the beginning of the year and are trading at $11.31 , 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 0.88% in intra-day trade the report.
Pacific Gas&Electric follows other major Utilities sector earnings this month
Pacific Gas&Electric's report follows an earnings missed by Enbridge on February 12, who reported EPS of $0.4407 on revenue of $7.41B, compared to forecasts EPS of $0.4644 on revenue of $9.63B.
Duke Energy had matched expectations on February 11 with fourth quarter EPS of $1.03 on revenue of $5.78B, compared to forecast for EPS of $1.03 on revenue of $6.72B.
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