Public Service Enterprise Group (PSEG) posted lower net income of $320 million or $0.63 per share in the first quarter, versus $493 million or $0.97 per share, a year before.
During the recent quarter, operating earnings stood at $433 million or $0.85 per share. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.74 for the quarter. Analysts' estimates typically exclude one-time items.
For 2013, the company still expects operating earnings in the range of $2.25 - $2.50 per share, while 19 analysts project annual earnings of $2.37 a share. PSEG Operating earnings is likely to range between $1.14 billion and $1.27 billion for the full year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.