Pinnacle West Capital Q1 Profit Edges Up, Backs 2015 Outlook - Quick Facts

(RTTNews) - Energy holding company Pinnacle West Capital Corp. (PNW) reported first-quarter net income to common shareholders of $16.12 million or $0.14 per share, compared to $15.77 million or $0.14 per share in the prior-year quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter decreased to $671.22 million from $686.25 million in the same quarter last year. Analysts expected revenue of $706.01 million for the quarter.

Looking ahead to fiscal 2015, the company continues to expect on-going consolidated earnings within a range of $3.75 to $3.95 per share. Analysts expect the company to report fiscal 2015 earnings of $3.62 per share.