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Pg&e Corp  (PCG)
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    Sector  Utilities    Industry Electric Utilities
 
 

EARNINGS REPORT by CSIMarket

Improvement in Profit Margins


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Pg&e Corp announced second quarter 2017 operating income of $748 millions and cut it's earnings guidance



Company delivered strong earnings growth on slow Sales increase in the second quarter 2017, where income surged by 92.68 % at $0.79 per share, Sales grew modestly by 1.94 % to $4.25 billions from the same quarter a year ago.

In comparison to previous quarter income faded by -30.09 % from $1.13 per share and Sales decreased by -0.42 % from $4.27 billions.
Only one section improved , while following segments recorded decrease in revenues Electric -3.59%, Natural gas -26.43%.
Net income of $410 millions in the second quarter 2017 increased by 95.24 % from net earnings of $210 millions reported in the second quarter 2017 a year ago. Pg&e Corp also emphasized it's improving profit margins, where net margin rose to 9.65% in second quarter 2017, and operating margin edged up to 17.6%. 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 October 27, 2017.
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