Investing.com - Pinnacle West reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pinnacle West announced earnings per share of $2.88 on revenue of $1.5B. Analysts polled by Investing.com anticipated EPS of $2.53 on revenue of $1.3B.
Pinnacle West shares are down 26.01% from the beginning of the year and are trading at $68.18 , down-from-52-week-high.
Pinnacle West shares gained 1.32% in intra-day trade the report.
Pinnacle West follows other major Utilities sector earnings this month
Pinnacle West's report follows an earnings beat by NextEra Energy on Friday, October 28, 2022, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Southern had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.35 on revenue of $8.38B, compared to forecast for EPS of $1.3 on revenue of $6.84B.
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