Pinnacle West Capital Corp. Reveals 660% Increase In Q4 Bottom Line

(RTTNews) - Pinnacle West Capital Corp. (PNW) reported a profit for its fourth quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $41.12 million, or $0.37 per share. This was up from $5.41 million, or $0.05 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.1% to $734.43 million. This was up from $726.45 million last year.

Pinnacle West Capital Corp. earnings at a glance:

-Earnings (Q4): $41.12 Mln. vs. $5.41 Mln. last year. -Earnings Growth (Y-o-Y): 660.1% -EPS (Q4): $0.37 vs. $0.05 last year. -EPS Growth (Y-o-Y): 640.0% -Analysts Estimate: $0.26 -Revenue (Q4): $734.43 Mln vs. $726.45 Mln last year. -Revenue Change (Y-o-Y): 1.1%