Portland General Electric (POR) Tops Q1 EPS by 1c, Revenues Miss; Lowers FY20 EPS Guidance Below Consensus

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Go back to Portland General Electric (POR) Tops Q1 EPS by 1c, Revenues Miss; Lowers FY20 EPS Guidance Below Consensus

Portland General Electric announces first quarter 2020 results

April 24, 2020 5:00 AM EDT

PORTLAND, Ore., April 24, 2020 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income of $81 million, or 91 cents per diluted share, for the first quarter of 2020. This compares with net income of $73 million, or 82 cents per diluted share, for the first quarter of 2019.

"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... More