PORTLAND, Ore. (AP) — PORTLAND, Ore. (AP) — Portland General Electric Co. (POR) on Friday reported third-quarter profit of $103 million.
The Portland, Oregon-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, were $1 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The electric utility posted revenue of $952 million in the period.
Portland General Electric expects full-year earnings in the range of $3.13 to $3.33 per share.
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