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PG&E Corp. Profit Drops In Q4

PG&E Corp. (PCG) revealed earnings for fourth quarter that fell compared to the same period last year.

The company said its bottom line fell to $327 million, or $0.63 per share. This was lower than $675 million, or $1.33 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

PG&E Corp. earnings at a glance:

-Earnings (Q4): $327 Mln. vs. $675 Mln. last year.
-Earnings Decline (Y-o-Y): -51.6%
-EPS (Q4): $0.63 vs. $1.33 last year.
-EPS Decline (Y-o-Y): -52.6%
-Analysts Estimate: $0.68

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