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Pinnacle West Capital Corp. Earnings Rise In Q3

Pinnacle West Capital Corp. (PNW) announced a profit for its third quarter that rose from the same period last year.

The company's profit totaled $315.01 million, or $2.80 per share. This compares with $276.07 million, or $2.46 per share, in last year's third quarter.

Analysts had expected the company to earn $2.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $1.27 billion from $1.18 billion last year.

Pinnacle West Capital Corp. earnings at a glance:

-Earnings (Q3): $315.01 Mln. vs. $276.07 Mln. last year.
-EPS (Q3): $2.80 vs. $2.46 last year.
-Analysts Estimate: $2.72
-Revenue (Q3): $1.27 Bln vs. $1.18 Bln last year.

Full year EPS guidance: $4.75 to $4.95

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