Public Service Enterprise Group Inc Q1 adjusted earnings Miss Estimates

(RTTNews) - Public Service Enterprise Group Inc (PEG) announced a profit for its first quarter that advanced from the same period last year.

The company's bottom line came in at $558 million, or $1.10 per share. This compares with $114 million, or $0.22 per share, in last year's first quarter.

Excluding items, Public Service Enterprise Group Inc reported adjusted earnings of $492 million or $0.97 per share for the period.

Analysts had expected the company to earn $0.99 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Public Service Enterprise Group Inc earnings at a glance:

-Earnings (Q1): $492 Mln. vs. $466 Mln. last year. -EPS (Q1): $0.97 vs. $0.92 last year. -Analysts Estimate: $0.99

-Guidance: Full year EPS guidance: $3.00 - $3.20