WASHINGTON (dpa-AFX) - PG&E Corp. (PCG) reported earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $607 million, or $0.28 per share. This compares with $732 million, or $0.34 per share, last year.
Excluding items, PG&E Corp. reported adjusted earnings of $728 million or $0.33 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.1% to $5.983 billion from $5.861 billion last year.
PG&E Corp. earnings at a glance (GAAP) :
-Earnings: $607 Mln. vs. $732 Mln. last year. -EPS: $0.28 vs. $0.34 last year. -Revenue: $5.983 Bln vs. $5.861 Bln last year.
-Guidance: Full year EPS guidance: $1.29 to $1.35
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