Investing.com - Public Service Enterprise (NYSE:PEG) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Public Service Enterprise announced earnings per share of $0.65 on revenue of $2.4B. Analysts polled by Investing.com anticipated EPS of $0.6489 on revenue of $2.73B.
Public Service Enterprise shares are down 4% from the beginning of the year, still down 10.06% from its 52 week high of $62.15 set on November 9, 2020. They are under-performing the S&P 500 which is up 1.95% from the start of the year.
Public Service Enterprise shares gained 1.68% 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 missed by Enbridge on February 12, who reported EPS of $0.4407 on revenue of $7.41B, compared to forecasts EPS of $0.4644 on revenue of $9.63B.
Duke Energy had matched expectations on February 11 with fourth quarter EPS of $1.03 on revenue of $5.78B, compared to forecast for EPS of $1.03 on revenue of $6.72B.
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