Diversified energy company Public Service Enterprise announced that its profits spiked to $956 million in the fourth quarter of 2017, primarily due to $646 million in income tax benefit. Excluding one-time benefits, earnings improved 5.6% to $0.57 per share vs the prior year period. The company’s revenue remained flat at $2.1 billion.
The utility provider has increased its annual dividends for 2018 by 5% to $1.80 per share.
Outlook
For 2018, Public Service Enterprise expects its adjusted EPS to be between $3.00 and $3.20 and operating earnings in the range of $1.52 billion and $1.62 billion.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its
