NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Public Service Enterprise Group Inc. (PEG) on Tuesday reported first-quarter earnings of $741 million.
The Newark, New Jersey-based company said it had profit of $1.48 per share. Earnings, adjusted for non-recurring costs, were $1.55 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The parent company of PSEG Power and Public Service Electric & Gas Co. posted revenue of $3.85 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $3.27 billion.
PSEG expects full-year earnings in the range of $4.28 to $4.40 per share.
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