Investing.com - Public Service Enterprise (NYSE:PEG) reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Public Service Enterprise announced earnings per share of $0.96 on revenue of $2.37B. Analysts polled by Investing.com anticipated EPS of $0.97 on revenue of $2.41B.
Public Service Enterprise shares are up 1% from the beginning of the year, still down 6.22% from its 52 week high of $63.68 set on November 1, 2019. They are under-performing the S&P 500 which is up 2.46% 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 October 21, who reported EPS of $2.66 on revenue of $4.79B, compared to forecasts EPS of $2.59 on revenue of $5.44B.
Southern had beat expectations on Thursday with third quarter EPS of $1.22 on revenue of $5.62B, compared to forecast for EPS of $1.21 on revenue of $6.36B.
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