RTTNews | Nov 2, 2021 08:19AM EDT

08:18 Tuesday, November 2, 2021 (RTTNews.com) - While reporting third-quarter results on Tuesday, Public Service Enterprise Group (PEG) increased its full-year 2021 non-GAAP operating earnings guidance to a range of $3.55 to $3.70 per share from prior guidance range of $3.50 to $3.65 per share based on solid results through the first nine months of the year.

Analysts polled by Thomson Reuters expect the company to report profit per share of $3.58. Analysts' estimates typically exclude special items.

Excluding items, third quarter adjusted earnings per share was $0.98 compared to $0.96, last year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.92, for the quarter.

Net loss was $1.56 billion or $3.10 per share compared to profit of $0.58 billion or $1.14 per share, last year.

Revenue declined to $1.90 billion from $2.37 billion, prior year. Analysts on average had estimated $2.77 billion in revenue.

Read the original article on RTTNews ( https://www.rttnews.com/3238318/pseg-raises-2021-operating-earnings-guidance-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved