AP NEWS
Click to copy
Click to copy

Pinnacle West: 2Q Earnings Snapshot

August 8, 2019

PHOENIX (AP) _ Pinnacle West Capital Corp. (PNW) on Thursday reported second-quarter earnings of $144.1 million.

The Phoenix-based company said it had profit of $1.28 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The power company posted revenue of $869.5 million in the period.

Pinnacle West shares have increased 9% since the beginning of the year, while the Standard & Poor’s 500 index has increased 15%. The stock has climbed 15% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNW at https://www.zacks.com/ap/PNW

All contents © copyright 2019 The Associated Press. All rights reserved.