Portland General Electric Company (POR) has announced a rise in its fourth-quarter earnings compared to the same period in the previous year. The results, however, fell short of Wall Street predictions.
The company's earnings reached $68 million, translating to $0.67 per share. This showed growth from last year's fourth quarter when earnings were $50 million or $0.56 per share.
Market analysts, on average, had forecasted earnings of $0.88 per share for the company according to data gathered by Thomson Reuters. Typically, these estimated figures don't factor in special items.
To offer a quick snapshot of Portland General Electric Company's earnings based on the Generally Accepted Accounting Principles (GAAP):
- Earnings for the Q4 period rose to $68 million compared to $50 million in the previous year.
- Earnings Per Share (EPS) for the Q4 period reached $0.67, up from $0.56 in the last year.
- The average market analysts' estimate was $0.88 per share.
