NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Public Service Enterprise Group Inc. (PEG) on Monday reported third-quarter profit of $376 million.
On a per-share basis, the Newark, New Jersey-based company said it had profit of 76 cents. Earnings, adjusted for non-recurring costs, came to $1.15 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The parent company of PSEG Power and Public Service Electric & Gas Co. posted revenue of $3.02 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $3.3 billion.
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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 PEG at https://www.zacks.com/ap/PEG
