Pinnacle West: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 12:22 PM ET
Last Updated - Aug 01, 2024, 12:22 PM EDT
PHOENIX (AP) — PHOENIX (AP) — Pinnacle West Capital Corp. (PNW) on Thursday reported second-quarter profit of $203.8 million.
On a per-share basis, the Phoenix-based company said it had net income of $1.76.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The power company posted revenue of $1.31 billion in the period.
