Pinnacle West Capital Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Pinnacle West Capital Corp. (PNW) reported fourth-quarter income from continuing operations of $32.81 million or $0.22 per share, compared to $34.90 million or $0.24 per share, prior year. Net income attributable to shareholders was $24.3 million, or $0.22 per share, compared to $22.6 million, or $0.20 per share, a year ago.

Consolidated on-going earnings was $24.3 million, or $0.22 per share, compared to $26.9 million, or $0.24 per share, in the same 2012 period.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.19 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $699.76 million, from $693.12 million, last year. Analysts expected revenue of $688.13 million for the quarter.

For 2014, the company continues to expect its on-going consolidated earnings to be in the range of $3.60 to $3.75 per share. Analysts expect the company to report fiscal 2014 earnings per share of $3.71.