NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Public Service Enterprise Group Inc. (PEG) on Monday reported third-quarter earnings of $520 million.
On a per-share basis, the Newark, New Jersey-based company said it had net income of $1.04. Earnings, adjusted for non-recurring gains, were 90 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The parent company of PSEG Power and Public Service Electric & Gas Co. posted revenue of $2.64 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $2.48 billion.
PSEG expects full-year earnings in the range of $3.64 to $3.68 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 PEG at https://www.zacks.com/ap/PEG
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