Portland General Electric Company (POR) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's earnings came in at $103 million, or $0.94 per share. This compares with $94 million, or $0.90 per share, last year.
Adjusted net income was $110 million or $1.00 per share for the period.
Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.5% to $952 million from $929 million last year.
Portland General Electric Company earnings at a glance (GAAP) :
-Earnings: $103 Mln. vs. $94 Mln. last year.-EPS: $0.94 vs. $0.90 last year.-Revenue: $952 Mln vs. $929 Mln last year.
-Guidance:Full year EPS guidance: $3.13 - $3.33
(Amended: Adds Adjusted earnings; Corrects the story to say earnings beat estimates, not missed)
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