Pinnacle West Capital Corp. Reveals 5% Rise In Q3 Profit

(RTTNews) - Pinnacle West Capital Corp. (PNW) reported earnings for its third quarter that rose from last year.

The company said its bottom line rose to $257.12 million, or $2.30 per share. This was higher than $243.96 million, or $2.20 per share, in last year's third quarter.

Analysts had expected the company to earn $2.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.6% to $1.20 billion. This was up from $1.17 billion last year.

Pinnacle West Capital Corp. earnings at a glance:

-Earnings (Q3): $257.12 Mln. vs. $243.96 Mln. last year. -Earnings Growth (Y-o-Y): 5.4% -EPS (Q3): $2.30 vs. $2.20 last year. -EPS Growth (Y-o-Y): 4.5% -Analysts Estimate: $2.32 -Revenue (Q3): $1.20 Bln vs. $1.17 Bln last year. -Revenue Change (Y-o-Y): 2.6%

-Guidance: Full year EPS guidance: $3.75 - $3.95