Pinnacle West Capital Q2 2024 GAAP EPS $1.76 Beats $1.34 Estimate, Sales $1.309B Beat $1.208B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pinnacle West Capital (NYSE:PNW) reported Q2 2024 GAAP EPS of $1.76, beating the estimate of $1.34 by 31.34%. Sales were $1.309 billion, surpassing the $1.208 billion estimate and showing a 16.67% increase from last year.
August 01, 2024 | 12:31 pm
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Pinnacle West Capital (NYSE:PNW) reported strong Q2 2024 earnings, with EPS of $1.76 beating estimates by 31.34% and sales of $1.309 billion exceeding expectations by 8.37%. This performance also marks a 16.67% increase in sales compared to the same period last year.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, is likely to positively impact PNW's stock price in the short term. Investors typically react favorably to such strong earnings reports.
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