Pinnacle West Capital Q3 Profit Decreases - Quick Facts

(RTTNews) - Pinnacle West Capital Corp. (PNW) reported that its third-quarter net income attributable to shareholders decreased to $226.2 million, or $2.04 per share, from $244.8 million, or $2.21 per share, a year ago.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $2.16 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $1.15 billion, from $1.11 billion, last year. Analysts expected revenue of $1.11 billion for the quarter.

Pinnacle West continues to expect its 2013 consolidated on-going earnings will be in the range of $3.55 to $3.70 per share. Analysts expect the company to report 2013 profit per share of $3.64.

For 2014, the company estimates its on-going consolidated earnings will be within a comparable range of $3.60 to $3.75 per share. Analysts expect the company to report 2014 profit per share of $3.73.