PHOENIX (AP) — PHOENIX (AP) — Pinnacle West Capital Corp. (PNW) on Monday reported first-quarter earnings of $32.9 million.
The Phoenix-based company said it had profit of 27 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The power company posted revenue of $1.15 billion in the period.
Pinnacle West expects full-year earnings to be $4.55 to $4.75 per share.
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