PG&E Beats Q3 EPS Estimates, Reaffirms Guidance (PCG)
Thu. October 29, 2009; Posted: 09:50 AM
Oct 29, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/29/2009 - PG&E Corporation (NYSE:PCG) reported Q3 EPS of $0.93, ex-items, beating consensus analyst estimates of $0.92. Revenue for the quarter fell 11.9% year-over-year to $3.24 billion, falling short of consensus estimates of $3.48 billion. Chairman, president and CEO Peter Darbee said, "We continue to report solid earnings despite a challenging economic environment while moving ahead with the necessary investments to ensure safe and reliable service for our customers." The company reaffirmed guidance for FY 2009, expecting between $3.15 and $3.25. Consensus estimates forecast 2009 EPS of $3.16.
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