October 29, 2012 at 13:57 PM EDT
PG&E Beats Q3 Profit Estimates, Excluding Charges
California electrical generation and natural gas company PG&E's (PCG) third-quarter earnings beat estimates, but revenue fell shy of views. PG&E's earnings per share, excluding one-time charges, fell 14% vs. last year to 93 cents a share, topping analysts' consensus forecast by 5 cents. Revenue for the supplier of power to about 9.5 million customers in Northern and Central California rose 3% to $3.98 billion, below projections of $4.05 billion.
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