Investing.com - Pinnacle West reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pinnacle West announced earnings per share of $1.91 on revenue of $1.00B. Analysts polled by Investing.com anticipated EPS of $1.63 on revenue of $947.28M.
Pinnacle West shares are down 2% from the beginning of the year and are trading at $78.19 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.22% from the start of the year.
Pinnacle West follows other major Utilities sector earnings this month
Pinnacle West's report follows an earnings beat by NextEra Energy on July 23, who reported EPS of $0.71 on revenue of $3.93B, compared to forecasts EPS of $0.6977 on revenue of $4.97B.
Duke Energy had beat expectations on Thursday with second quarter EPS of $1.15 on revenue of $5.76B, compared to forecast for EPS of $1.1 on revenue of $5.91B.
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