Portland General Electric Company (POR) revealed a profit for first quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $100 million, or $0.91 per share. This compares with $109 million, or $1.08 per share, last year.
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 fell 0.1% to $928 million from $929 million last year.
Portland General Electric Company earnings at a glance (GAAP) :
-Earnings: $100 Mln. vs. $109 Mln. last year.
-EPS: $0.91 vs. $1.08 last year.
-Revenue: $928 Mln vs. $929 Mln last year.
Looking ahead, for the full year, the company has reaffirmed its adjusted earnings per share outlook of $3.13 to $3.33, in line with analysts’ forecast of $3.23 per share.
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