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
What to look for when Hormel Foods (HRL) reports Q4 2023 earnings
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
Kroger set to report Q3 results. Here’s everything you need to know
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Earnings Preview: Salesforce will likely deliver another strong quarter
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
