Pinnacle West Capital Corp. (PNW) reported consolidated net income attributable to common shareholders for the third quarter of $186.7 million or $1.84 per share, higher than $151.6 million or $1.50 per share in the same quarter a year-ago.
The company's on-going consolidated earnings for the third quarter were $199.1 million or $1.96 per share, up from $161.1 million or $1.59 per share in the prior year quarter.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $1.75 per share for the quarter. Analysts' estimates typically exclude special items.
Quarterly operating revenues rose to $1.14 billion from $1.07 billion in the previous year quarter. Analysts expected the company to report revenue of $1.07 billion for the quarter.
Looking ahead, the company continues to expect its on-going consolidated earnings for 2009 will be within a reasonable range around $2.30 per share, excluding the results of its real estate segment.
For 2010, the company continues to estimate its on-going consolidated earnings will be within a reasonable range around $3.00 per share, excluding the impacts of its real estate segment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.