Pinnacle West Capital Corp. Reports Fall In Q2 Earnings

(RTTNews) - Pinnacle West Capital Corp. (PNW) reported earnings for second quarter that dropped from last year.

The company's profit came in at $166.74 million, or $1.48 per share. This compares with $167.44 million, or $1.49 per share, in last year's second quarter.

Analysts had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.1% to $974.12 million from $944.59 million last year.

Pinnacle West Capital Corp. earnings at a glance:

-Earnings (Q2): $166.74 Mln. vs. $167.44 Mln. last year. -EPS (Q2): $1.48 vs. $1.49 last year. -Analysts Estimate: $1.48 -Revenue (Q2): $974.12 Mln vs. $944.59 Mln last year.

-Guidance: Full year EPS guidance: $4.35 to $4.55