Investing.com - Public Service Enterprise (NYSE:PEG) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Public Service Enterprise announced earnings per share of $0.64 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $0.6646 on revenue of $1.8B.
Public Service Enterprise shares are down 1% from the beginning of the year, still down 13.13% from its 52 week high of $75.61 set on April 21. They are outperforming the S&P 500 which is down 13.59% from the start of the year.
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 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 $0.8406 on revenue of $5.44B.
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