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Pinnacle West: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

PHOENIX (AP) — PHOENIX (AP) — Pinnacle West Capital Corp. (PNW) on Thursday reported second-quarter profit of $203.8 million.

On a per-share basis, the Phoenix-based company said it had net income of $1.76.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The power company posted revenue of $1.31 billion in the period.

Pinnacle West expects full-year earnings to be $4.60 to $4.80 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNW at https://www.zacks.com/ap/PNW