Portland General Electric announces first quarter 2020 results
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Portland General Electric (POR) Tops Q1 EPS by 1c, Revenues Miss; Lowers FY20 EPS Guidance Below Consensus
April 24, 2020 5:51 AM EDTPortland General Electric (NYSE: POR) reported Q1 EPS of $0.91, $0.01 better than the analyst estimate of $0.90. Revenue for the quarter came in at $573 million versus the consensus estimate of $574.64 million.
"Our financial performance this quarter largely reflects conditions experienced prior to the COVID-19 pandemic," said Maria Pope, PGE president and CEO. "PGE is committed to serving the needs of our customers and our community during this time. Given the deteriorating economic outlook, the company is revising full-year earnings guidance to $2.20 to $2.50 per... More
