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

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

Pinnacle West Reports 2020 First-Quarter Earnings

May 8, 2020 8:40 AM EDT

Cost management helps results despite revenue declines Customer growth a solid 2.2% as Arizonas economy continued to expand pre-pandemic Reliable service, customer relief, community support top priorities through coronavirus pandemic

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $30.0 million, or $0.27 per diluted share of common stock, for the quarter ended March 31, 2020. This result compares with $17.9 million, or $0.16 per diluted share, for the same period in 2019.

Our first quarter results provided... More