PHOENIX (AP) — PHOENIX (AP) — Pinnacle West Capital Corp. (PNW) on Thursday reported a loss of $3.3 million in its first quarter.
On a per-share basis, the Phoenix-based company said it had a loss of 3 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The power company posted revenue of $945 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $792.1 million.
Pinnacle West expects full-year earnings to be $3.95 to $4.15 per share.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
