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

While reporting financial results for the fourth quarter on Thursday, utility PG&E Corp. (PCG) trimmed its earnings guidance for the full-year 2023, while reaffirming core earnings outlook.

For fiscal 2023, the company now expects earnings in a range of $0.98 to $1.13 per share and core earnings in a range of $1.19 to $1.23 per share.

Previously, the company expected earnings in the range of $0.98 to $1.21 per share and core earnings in the range of $1.19 to $1.23 per share.

On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $1.22 per share for the year. Analysts' estimates typically exclude special items.

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