Pinnacle West Capital Q2 Profit Declines, Backs 2015 Outlook - Quick Facts

(RTTNews) - Energy holding company Pinnacle West Capital Corp. (PNW) reported second-quarter net income to common shareholders of $122.9 million or $1.10 per share, compared to $132.5 million or $1.19 per share in the prior-year quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.23 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter decreased to $890.65 million from $906.26 million in the comparable quarter last year, while six analysts expected revenue of $933.63 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 $3.85 per share.