Public Service Enterprise Group (PSEG) reported fourth-quarter income from continuing operations of $224 million, or $0.44 per share. This compares to fourth quarter 2011 income from continuing operations of $360 million, or $0.71 per share.
Operating earnings were $207 million, or $0.41 per share compared to $237 million, or $0.47 per share prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report fourth-quarter profit per share of $0.39. Analysts' estimates typically exclude special items.
The company expects operating earnings for 2013 in the range of $2.25-$2.50 per share. Analysts expect the company to report 2013 profit per share of $2.33.
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