Thursday, Portland General Electric Co. (POR) reported third-quarter net income attributable to the company of $32 million or $0.43 per share compared to nil results for last year. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter.
Revenues for the quarter rose to $445 million from $400 million in the comparable period. Three analysts estimated revenues of $410.20 million for the quarter.
Looking ahead to fiscal 2009, PGE reaffirmed earnings guidance in the range of $1.35 - $1.45 per share. The company expects 2010 earnings per share ranging between $1.50 and $1.65. Eight analysts estimate earnings of $1.40 per share for fiscal 2009 and five analysts estimate earnings of $1.75 per share for 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.