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Pg&e Corp  (PCG)
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Profits Surge


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Pg&e Corp announced third quarter 2016 operating income of $640 millions and cut it's earnings guidance



Sales for the third quarter 2016 increased by 5.71 % to $4.81 billions in comparison to $4.55 billions in the prior year quarter, earnings were up by 22.22 % to $0.77, as comparison at $0.63 in the prior year quarter.

Sales improved by 15.38 % from $4.17 billions in preceding period, eps soared by 87.8 % from $0.41 per share.
Only one section improved , while following segments recorded decrease in revenues Electric -3.59%, Natural gas -26.43%.
Net income of $391.00 millions in the third quarter 2016 increased by 26.13 % from net earnings of $310.00 millions reported in the third quarter 2016 a year ago. Pg&e Corp also emphasized it's improving profit margins, where net margin rose to 8.13% in third quarter 2016, and operating margin edged up to 13.31%. Pg&e Corp cut it's annual earnings per share forecast by $ -0.42, now company expects eps from $1.51 to $1.83.


Pg&e Corp is expected to report next financial results on February 09, 2017.
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