Pinnacle West Earnings, Revenue Beat in Q4 By Investing.com

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Pinnacle West Earnings, Revenue Beat in Q4

Feb 25, 2022 08:59AM ET

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Investing.com - Pinnacle West reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Pinnacle West announced earnings per share of $0.24 on revenue of $798.86M. Analysts polled by Investing.com anticipated EPS of $0.0477 on revenue of $659.68M.

Pinnacle West shares are down 3% from the beginning of the year, still down 23.90% from its 52 week high of $88.54 set on May 10, 2021. They are outperforming the Euro Stoxx 50 which is down 8.33% from the start of the year.

Pinnacle West shares gained 0.18% in pre-market trade following the report.

Pinnacle West follows other major Utilities sector earnings this month

Pinnacle West's report follows an earnings missed by Duke Energy on February 10, who reported EPS of $0.94 on revenue of $6.24B, compared to forecasts EPS of $0.9615 on revenue of $6.53B.

Iberdrola SA had beat expectations on Wednesday with fourth quarter EPS of $0.9513 on revenue of $12.59B, compared to forecast for EPS of $0.8638 on revenue of $13.66B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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