OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Pacific Gas & Electric Co. (PCG) on Thursday reported fourth-quarter net income of $674 million.
The Oakland, California-based company said it had net income of 30 cents per share. Earnings, adjusted for non-recurring costs, came to 31 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 31 cents per share.
The utility holding company posted revenue of $6.63 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $7.29 billion.
For the year, the company reported profit of $2.51 billion, or $1.15 per share. Revenue was reported as $24.42 billion.
PG&E expects full-year earnings in the range of $1.48 to $1.52 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 PCG at https://www.zacks.com/ap/PCG
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
