Portland General Electric Company Q3 Profit Rises

(RTTNews) - Portland General Electric Company (POR) announced earnings for its third quarter that rose from the same period last year.

The company's bottom line came in at $53 million, or $0.59 per share. This compares with $40 million, or $0.44 per share, in last year's third quarter.

Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.9% to $525 million from $515 million last year.

Portland General Electric Company earnings at a glance:

-Earnings (Q3): $53 Mln. vs. $40 Mln. last year. -EPS (Q3): $0.59 vs. $0.44 last year. -Analysts Estimate: $0.49 -Revenue (Q3): $525 Mln vs. $515 Mln last year.

-Guidance: Full year EPS guidance: $2.25 to $2.40