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Public Service Enterprise Group Inc Q4 adjusted earnings Beat Estimates

Public Service Enterprise Group Inc (PEG) released earnings for its fourth quarter that climbed from last year.

The company's bottom line came in at $437 million, or $0.86 per share. This compares with $199 million, or $0.39 per share, in last year's fourth quarter.

Excluding items, Public Service Enterprise Group Inc reported adjusted earnings of $330 million or $0.64 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.

The company's revenue for the quarter rose 0.4% to $2.48 billion from $2.47 billion last year.

Public Service Enterprise Group Inc earnings at a glance:

-Earnings (Q4): $330 Mln. vs. $284 Mln. last year.
-EPS (Q4): $0.64 vs. $0.56 last year.
-Analysts Estimate: $0.61
-Revenue (Q4): $2.48 Bln vs. $2.47 Bln last year.

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