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 $1.71 on revenue of $929.6M. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $900.77M.
Pinnacle West shares are down 11% from the beginning of the year, still down 24.42% from its 52 week high of $105.51 set on February 21. They are under-performing the S&P 500 which is up 3% 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 24, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Dominion Energy had beat expectations on July 31 with second quarter EPS of $0.82 on revenue of $3.59B, compared to forecast for EPS of $0.79 on revenue of $3.98B.
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