PG&E Corp. Q4 Profit Increases, but misses estimates

PG&E Corp. (PCG) reported a profit for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $513 million, or $0.24 per share. This compares with $472 million, or $0.22 per share, in last year's fourth quarter.

Excluding items, PG&E Corp. reported adjusted earnings of $560 million or $0.26 per share for the period.

Analysts on average had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

PG&E Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $513 Mln. vs. $472 Mln. last year.
-EPS (Q4): $0.24 vs. $0.22 last year.
-Analyst Estimate: $0.28

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