Pinnacle West Capital Corp. Q2 Earnings Retreat

(RTTNews) - Pinnacle West Capital Corp. (PNW) released a profit for second quarter that decreased from the same period last year.

The company's profit totaled $144.15 million, or $1.28 per share. This compares with $166.74 million, or $1.48 per share, in last year's second quarter.

Analysts had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.7% to $869.50 million from $974.12 million last year.

Pinnacle West Capital Corp. earnings at a glance:

-Earnings (Q2): $144.15 Mln. vs. $166.74 Mln. last year. -EPS (Q2): $1.28 vs. $1.48 last year. -Analysts Estimate: $1.42 -Revenue (Q2): $869.50 Mln vs. $974.12 Mln last year.

-Guidance: Full year EPS guidance: $4.75 to $4.95