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Public Service Enterprise Group Inc Q2 adjusted earnings Miss Estimates

Public Service Enterprise Group Inc (PEG) announced a profit for second quarter that fell from the same period last year.

The company's earnings came in at $153 million, or $0.30 per share. This compares with $269 million, or $0.53 per share, in last year's second quarter.

Excluding items, Public Service Enterprise Group Inc reported adjusted earnings of $294 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Public Service Enterprise Group Inc earnings at a glance:

-Earnings (Q2): $294 Mln. vs. $325 Mln. last year.
-EPS (Q2): $0.58 vs. $0.64 last year.
-Analysts Estimate: $0.61

-Guidance:
Full year EPS guidance: $3.15 - $3.35

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