Portland Gen Electric Q2 Adj. EPS $0.44 Misses $0.47 Estimate, Sales $648.00M Beat $571.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portland Gen Electric (NYSE:POR) reported Q2 adjusted earnings of $0.44 per share, missing the analyst consensus estimate of $0.47 by 6.38%. This is a 38.89% decrease from the same period last year. However, the company reported quarterly sales of $648.00 million, beating the analyst consensus estimate of $571.24 million by 13.44%, a 9.64% increase from last year.
July 28, 2023 | 9:03 am
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Portland Gen Electric's Q2 earnings missed estimates but sales beat estimates. Earnings are down 38.89% YoY, while sales are up 9.64% YoY.
The company's earnings missed the analyst consensus, which could negatively impact the stock price. However, the sales beat the estimates, which could offset some of the negative impact. The YoY decrease in earnings is significant and could be a concern for investors.
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RELEVANCE 100