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Pinnacle West Capital Corporation  (PNW)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 


Earnings faded In spite of Strong Revenues by

company announced first quarter of 2022 operating surplus of $54.492 millions

Published 2022-05-05T17:10:29-04:00
Goran Soko / CSIMarket.com Contributer

Wind_farm_good_By_Harvey_McDanie_ from_Naalehu[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_Commons PNW experienced demise in eps, regardless of Revenue growth in the first quarter of 2022, earnings per share plummeted by -53.13 % to $0.15 per share, while Revenue increased considerably by 12.5 % to $783.53 millions, from the same financial reporting period a year before.

From the previous financial reporting period, income faded by -38.42 % from $0.24 per share and Revenue decreased by -1.918 % from $798.86 millions.

The Electric Utilities company is expanding chances and growing market share, while the PNW supports corporate partners differentiate, build up persistence and more.
Net earnings of $21.262 millions in the January to March 31 2022 interval fell by -47.52 % from $40.514 millions in the corresponding period a year before. Pinnacle West Capital Corporation shifted it's focus on improving sales in the January to March 31 2022 interval, as a result net margin eased to 2.71%.
Operating earnings, however, rose 14.64% to $54.492 millions.

Pinnacle West Capital Corporation is expected to report next financial recent numbers on August 04, 2022.


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Other PNW's Earnings Reports

Pinnacle West Capital reported fourth quarter 2021 earnings

Pinnacle West Capital reported third quarter 2021 earnings

Pinnacle West Capital reported second quarter 2021 earnings

       
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