Public Service Enterprise Group Inc Profit Declines In Q2

(RTTNews) - Public Service Enterprise Group Inc (PEG) revealed earnings for second quarter that Drops, from last year

The company's bottom line totaled $334 million, or $0.67 per share. This compares with $585 million, or $1.17 per share, last year.

Excluding items, Public Service Enterprise Group Inc reported adjusted earnings of $425 million or $0.86 per share for the period.

The company's revenue for the period fell 8.9% to $2.554 billion from $2.805 billion last year.

Public Service Enterprise Group Inc earnings at a glance (GAAP) :

-Earnings: $334 Mln. vs. $585 Mln. last year. -EPS: $0.67 vs. $1.17 last year. -Revenue: $2.554 Bln vs. $2.805 Bln last year.

-Guidance: Full year EPS guidance: $ 4.28 To $ 4.40