Portland General Electric Company (POR) has reported a significant increase in its second-quarter profit compared to the same period last year, surpassing Wall Street projections.
The company posted earnings of $72 million, equating to $0.69 per share, which is an improvement from $40 million, or $0.39 per share, recorded in the second quarter of last year.
According to Thomson Reuters, analysts had, on average, anticipated earnings of $0.62 per share, excluding special items.
Additionally, the company's revenue for the quarter experienced a 17.0% uptick, climbing to $758 million from $648 million the previous year.
In summary, Portland General Electric Company's key earnings metrics (GAAP) for the second quarter are as follows:
- Earnings: $72 million vs. $40 million last year
- EPS: $0.69 vs. $0.39 last year
- Revenue: $758 million vs. $648 million last year.
