PG&E Corporation Q3 Non-GAAP Core EPS $0.24 vs $0.27 Est., Total Operating Revenues $5.888B vs $5.479B Est.
Portfolio Pulse from Benzinga Newsdesk
PG&E Corporation reported Q3 Non-GAAP Core EPS of $0.24, lower than the estimated $0.27. However, total operating revenues were higher than expected at $5.888B compared to the estimated $5.479B.
October 26, 2023 | 10:08 am
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NEUTRAL IMPACT
PG&E Corporation's Q3 earnings per share were lower than expected, but revenues were higher than anticipated.
PG&E Corporation's lower than expected earnings per share could negatively impact the stock price. However, the higher than expected revenues could offset this negative impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100