PHOENIX (AP) — PHOENIX (AP) — Pinnacle West Capital Corp. (PNW) on Monday reported a loss of $24 million in its fourth quarter.
The Phoenix-based company said it had a loss of 21 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The power company posted revenue of $1.01 billion in the period.
For the year, the company reported profit of $483.6 million, or $4.26 per share. Revenue was reported as $4.32 billion.
Pinnacle West expects full-year earnings to be $3.95 to $4.15 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNW at https://www.zacks.com/ap/PNW
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