Investing.com - Pinnacle West reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pinnacle West announced earnings per share of $-0.17 on revenue of $741M. Analysts polled by Investing.com anticipated EPS of $0.0424 on revenue of $715.75M.
Pinnacle West shares are down 5% from the beginning of the year and are trading at $75.50 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3.34% from the start of the year.
Pinnacle West follows other major Utilities sector earnings this month
Pinnacle West's report follows an earnings beat by NextEra Energy on Tuesday, January 26, 2021, who reported EPS of $0.4 on revenue of $4.4B, compared to forecasts EPS of $0.3818 on revenue of $5.56B.
Enbridge had missed expectations on Friday, February 12, 2021 with fourth quarter EPS of $0.4407 on revenue of $7.41B, compared to forecast for EPS of $0.4644 on revenue of $9.63B.
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