WASHINGTON (dpa-AFX) - PG&E Corp. (PCG) announced a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $520 million, or $0.24 per share. This compares with $406 million, or $0.19 per share, in last year's second quarter.
Excluding items, PG&E Corp. reported adjusted earnings of $674 million or $0.31 per share for the period.
Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.2% to $5.986 billion from $5.290 billion last year.
PG&E Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $520 Mln. vs. $406 Mln. last year. -EPS (Q2): $0.24 vs. $0.19 last year. -Revenue (Q2): $5.986 Bln vs. $5.290 Bln last year.
-Guidance: Full year EPS guidance: $1.33 to $1.37
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