PG&E Corp. Again Reaffirms FY22 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Thursday, utility PG&E Corp. (PCG) slashed its earnings guidance for the full-year 2022, while again reaffirming core earnings outlook.

For fiscal 2022, the company now expects earnings in a range of $0.74 to $1.02 per share and core earnings in a range of $1.07 to $1.13 per share.

Previously, the company expected earnings in the range of $0.85 to $1.16 per share and core earnings in the range of $1.07 to $1.13 per share.

On average, 15 analysts polled by Thomson Reuters expect the company to report earnings of $1.10 per share for the year. Analysts' estimates typically exclude special items.

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