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Pinnacle West Capital's Q2 Earnings, Revenue Rise; Reaffirms 2024 EPS Guidance
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Pinnacle West Capital's Q2 Earnings, Revenue Rise; Reaffirms 2024 EPS Guidance
Aug 1, 2024 6:37 AM

09:02 AM EDT, 08/01/2024 (MT Newswires) -- Pinnacle West Capital ( PNW ) reported Q2 earnings Thursday of $1.76 per diluted share, up from $0.94 a year earlier.

Analysts polled by Capital IQ expected $1.26.

Operating revenue for the quarter ended June 30 was $1.31 billion, compared with $1.12 billion a year earlier.

Three analysts surveyed by Capital IQ expected $1.21 billion.

The electric power holding company said it continues to expect 2024 earnings of $4.60 to $4.80 per diluted share. Analysts polled by Capital IQ expect $4.74.

Price: 85.30, Change: +0.59, Percent Change: +0.70

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