Investing.com - PG E reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PG E announced earnings per share of $0.25 on revenue of $5.12B. Analysts polled by Investing.com anticipated EPS of $0.2798 on revenue of $5.81B.
PG E shares are down 9% from the beginning of the year, still down 18.27% from its 52 week high of $13.19 set on January 18. They are outperforming the S&P 500 which is down 15.58% from the start of the year.
PG E shares lost 1.95% in pre-market trade following the report.
PG E follows other major Utilities sector earnings this month
PG E's report follows an earnings beat by NextEra Energy on July 22, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Southern had beat expectations on Thursday with second quarter EPS of $1.07 on revenue of $7.21B, compared to forecast for EPS of $0.8449 on revenue of $5.44B.
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