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Public Service Enterprise Group Inc Q2 adjusted earnings Beat Estimates

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

The company's earnings totaled $451 million, or $0.89 per share. This compares with $153 million, or $0.30 per share, in last year's second quarter.

Excluding items, Public Service Enterprise Group Inc reported adjusted earnings of $404 million or $0.79 per share for the period.

Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.6% to $2.05 billion from $2.32 billion last year.

Public Service Enterprise Group Inc earnings at a glance:

-Earnings (Q2): $404 Mln. vs. $294 Mln. last year.
-EPS (Q2): $0.79 vs. $0.58 last year.
-Analysts Estimate: $0.60
-Revenue (Q2): $2.05 Bln vs. $2.32 Bln last year.

-Guidance:
Full year EPS guidance: $3.30 - $3.50

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