Public Service Enterprise (PEG) Misses Q2 EPS by 1c

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Go back to Public Service Enterprise (PEG) Misses Q2 EPS by 1c

PSEG Announces 2016 Second Quarter Results

July 29, 2016 7:30 AM EDT

NEWARK, N.J., July 29, 2016 /PRNewswire/ -- (NYSE: PEG) Public Service Enterprise Group (PSEG) reported second quarter 2016 Net Income of $187 million or $0.37 per share as compared to Net Income of $345 million or $0.68 per share reported for the second quarter of 2015.  Operating Earnings for both the second quarter of 2016 and 2015 were $289 million or $0.57 per share.

Ralph Izzo, chairman, president and chief executive officer said, "PSEG's second quarter earnings benefited from its expanded investment program and an alignment of costs... More