Portland General Electric (POR) Misses Q1 EPS by 10c; Trims FY15 EPS Outlook

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Go back to Portland General Electric (POR) Misses Q1 EPS by 10c; Trims FY15 EPS Outlook

Portland General Electric Announces First Quarter Results

April 28, 2015 5:00 AM EDT

Earnings guidance revised due to warm winter weather

PORTLAND, Ore.--(BUSINESS WIRE)-- Portland General Electric Company (NYSE: POR) today reported net income of $50 million, or 62 cents per diluted share, for the first quarter of 2015. This compares with net income of $58 million, or 73 cents per diluted share, for the first quarter of 2014. PGE is revising 2015 earnings guidance from the previously reported range of $2.20 - $2.35 per diluted share to $2.05 - $2.20 per diluted share. The decrease in net income quarter over quarter and revised guidance is due to significantly lower retail... More