Investing.com - Public Service Enterprise reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Public Service Enterprise announced earnings per share of $0.69 on revenue of $3.06B. Analysts polled by Investing.com anticipated EPS of $0.666 on revenue of $3.12B.
Public Service Enterprise shares are down 4% from the beginning of the year and are trading at $63.32 , down-from-52-week-high.They are outperforming the S&P 500 which is down 11.34% from the start of the year.
Public Service Enterprise shares lost 0.39% in pre-market trade the report.
Public Service Enterprise follows other major Utilities sector earnings this month
Public Service Enterprise's report follows an earnings missed by Duke Energy on February 10, who reported EPS of $0.94 on revenue of $6.24B, compared to forecasts EPS of $0.9615 on revenue of $6.53B.
Southern had beat expectations on February 17 with fourth quarter EPS of $0.36 on revenue of $5.77B, compared to forecast for EPS of $0.3536 on revenue of $4.62B.
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