Shares of Portland General Electric Company (POR) are falling more than 11% Tuesday morning after the company lowered its full-year earnings guidance.
The company has lowered its full-year earnings to the range of $1.30 to $1.60 per share from $2.20 to $2.50 per share, provided earlier, due to the impacts of higher net variable power costs. Analysts polled by Thomson Reuters expect the company to report earnings of $2.39 per share for the period.
The stock is currently trading at $37.26. It has traded in the range of $36.00- $63.08.
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