PG&E Q1 2024 Adj EPS $0.37 Beats $0.35 Estimate, Sales $5.861 Miss $6.598B Estimate
Portfolio Pulse from Benzinga Newsdesk
PG&E (PCG) reported Q1 2024 adjusted EPS of $0.37, surpassing the $0.35 estimate, but its sales of $5.861 billion fell short of the $6.598 billion estimate, marking a significant decrease from $6.209 billion in the same period last year.
April 25, 2024 | 10:12 am
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PG&E reported a mixed Q1 2024 with earnings beating estimates but sales missing expectations and showing a significant year-over-year decline.
While PG&E's earnings per share exceeded analyst expectations, the miss on sales and the significant decrease compared to the previous year's figures could concern investors. The mixed results may lead to neutral short-term stock price movement as the market digests both the positive earnings surprise and the negative sales performance.
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