Pinnacle West Reports 2020 First-Quarter Earnings

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Go back to Pinnacle West Reports 2020 First-Quarter Earnings

Pinnacle West Capital (PNW) Tops Q1 EPS by 12c, Revenues Miss; Maintains FY20 EPS Mid-Point Guidance Above Consensus

May 8, 2020 8:51 AM EDT

Pinnacle West Capital (NYSE: PNW) reported Q1 EPS of $0.27, $0.12 better than the analyst estimate of $0.15. Revenue for the quarter came in at $661.93 million versus the consensus estimate of $749.63 million.

Our first quarter results provided an encouraging start to 2020 largely due to how our employees operated and managed costs across our business, said Pinnacle West Chairman, President and Chief Executive Officer Jeff Guldner. While the... More