Portland General Electric (POR) Tops Q3 EPS by 14c, Revenues Beat; Reaffirms FY20 EPS Outlook

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Go back to Portland General Electric (POR) Tops Q3 EPS by 14c, Revenues Beat; Reaffirms FY20 EPS Outlook

Portland General Electric Announces Third Quarter 2020 Results

October 30, 2020 5:00 AM EDT

PORTLAND, Ore., Oct. 30, 2020 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported a net loss based on generally accepted accounting principles (GAAP) of  $17 million, or 19 cents per diluted share, for the third quarter of 2020, which reflects the $1.09 loss per diluted share from previously disclosed trading losses. After adjusting for the impact of third quarter trading losses, non-GAAP net income was $80 million, or 90 cents per diluted share. This compares with GAAP net income of $55 million, or 61 cents per diluted share, for the third quarter of 2019.

"We continue to deliver strong operating... More