Plus   Neg

Portland General Electric Company Bottom Line Rises In Q2

Portland General Electric Company (POR) announced a profit for its second quarter that rose from last year.

The company's earnings totaled $39 million, or $0.43 per share. This compares with $25 million, or $0.28 per share, in last year's second quarter.

Analysts had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.0% to $469 million from $460 million last year.

Portland General Electric Company earnings at a glance:

-Earnings (Q2): $39 Mln. vs. $25 Mln. last year.
-EPS (Q2): $0.43 vs. $0.28 last year.
-Analysts Estimate: $0.33
-Revenue (Q2): $469 Mln vs. $460 Mln last year.

Full year EPS guidance: $2.20 to $2.50

For comments and feedback contact: editorial@rttnews.com

Follow RTT