Pinnacle West Capital Q2 Profit Increases - Quick Facts

(RTTNews) - Pinnacle West Capital Corp. (PNW) reported that its second-quarter net income to shareholders increased to $132.5 million, or $1.19 per share from $131.2 million or $1.18 per share, last year.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.15 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues decreased to $906.26 million from $915.82 million, a year ago. Analysts expected revenue of $931.65 million for the quarter.

For 2014, the company continues to expect on-going consolidated earnings will be in the range of $3.60 to $3.75 per share. Analysts expect the company to report 2014 earnings per share of $3.70.