Investing.com - Pacific Gas&Electric reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pacific Gas&Electric announced earnings per share of $0.23 on revenue of $4.72B. Analysts polled by Investing.com anticipated EPS of $0.2698 on revenue of $4.83B.
Pacific Gas&Electric shares are down 13.4% from the beginning of the year, still down 19.12% from its 52 week high of $13.34 set on June 5, 2020. They are under-performing the EUR/USD which is down 0% from the start of the year.
Pacific Gas&Electric shares lost 1.02% in pre-market trade following the report.
Pacific Gas&Electric follows other major Utilities sector earnings this month
Pacific Gas&Electric's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.6097 on revenue of $4.87B.
Southern had beat expectations on Thursday with first quarter EPS of $0.98 on revenue of $5.91B, compared to forecast for EPS of $0.8267 on revenue of $5.49B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar