Categories AlphaGraphs

Public Service Enterprise: Q4 2017 Earnings Snapshot

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

After a weak first half, will NIKE (NKE) hit the recovery path this year?

After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been

Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report

Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon

Lamb Weston’s (LW) challenges may not end soon, a few points to note

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top