Investing.com - Public Service Enterprise (NYSE:PEG) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Public Service Enterprise announced earnings per share of $0.79 on revenue of $2.05B. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $2.23B.
Public Service Enterprise shares are down 11% from the beginning of the year , still down 17.99% from its 52 week high of $63.88 set on October 11, 2019. They are under-performing the S&P 500 which is up 0.48% from the start of the year.
Public Service Enterprise shares gained 0.88% in pre-market trade following the report.
Public Service Enterprise follows other major Utilities sector earnings this month
Public Service Enterprise'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 Friday with second quarter EPS of $0.82 on revenue of $3.59B, compared to forecast for EPS of $0.75 on revenue of $3.93B.
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