PG&E Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
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PG&E's Q3 earnings exceeded expectations with total revenues of $5.94 billion, marking a 0.9% increase year-over-year. However, operating revenues fell short of the Zacks Consensus Estimate by 10.9%.
November 07, 2024 | 4:30 pm
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PG&E's Q3 earnings surpassed expectations with a 0.9% increase in total revenues to $5.94 billion. However, operating revenues missed the Zacks Consensus Estimate by 10.9%, which may cause mixed reactions in the market.
The positive earnings surprise is a good sign for PG&E, but the miss on operating revenues against estimates could temper investor enthusiasm. The mixed results may lead to a neutral short-term impact on the stock price.
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