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Portland General Electric's Q1 Earnings, Revenue Rise; 2024 Adjusted Net Income Outlook Reaffirmed
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Portland General Electric's Q1 Earnings, Revenue Rise; 2024 Adjusted Net Income Outlook Reaffirmed
Apr 26, 2024 5:11 AM

07:56 AM EDT, 04/26/2024 (MT Newswires) -- Portland General Electric ( POR ) reported Q1 earnings Friday of $1.08 per diluted share, up from $0.80 a year earlier.

Four analysts polled by Capital IQ expected $1.08.

Revenue for the quarter ended March 31 was $929 million, compared with $748 million a year earlier. An analyst surveyed by Capital IQ expected $849.9 million.

The company said it reaffirmed its 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share. Analysts polled by Capital IQ expect $3.08.

Price: 44.00, Change: +0.75, Percent Change: +1.73

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