PG&E Third-Quarter Profit Falls as Revenue Slips; Full-Year Guidance Reaffirmed
PG&E reported earnings of $776 million, or 34 cents a share, compared with $850 million, or 37 cents a share, a year earlier. Revenue slipped, and the company reaffirmed its full-year guidance.
PG&E reported lower profit in the third quarter as revenue declined, while reaffirming its full-year guidance. The Oakland, Calif., utility earned $776 million, or 34 cents a share, versus $850 million, or 37 cents a share, in the year-earlier quarter.