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PG&E: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

SAN FRANCISCO (AP) _ Pacific Gas & Electric Co. (PCG) on Friday reported first-quarter earnings of $371 million.

The San Francisco-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring costs, were 89 cents per share.

The utility holding company posted revenue of $4.31 billion in the period.

PG&E shares have decreased almost 2% since the beginning of the year, while the Standard & Poor's 500 index has fallen nearly 10%. The stock has dropped 54% in the last 12 months.

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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 PCG at https://www.zacks.com/ap/PCG