Public Service Enterprise Group Inc Q1 Income Drops 12%

(RTTNews) - Public Service Enterprise Group Inc (PEG) released a profit for first quarter that retreated compared to the same period last year.

The company said its bottom line totaled $463 million, or $0.91 per share. This was lower than $529 million, or $1.04 per share, in last year's first quarter.

Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Public Service Enterprise Group Inc earnings at a glance:

-Earnings (Q1): $463 Mln. vs. $529 Mln. last year. -Earnings Decline (Y-o-Y): -12.5% -EPS (Q1): $0.91 vs. $1.04 last year. -EPS Decline (Y-o-Y): -12.5% -Analysts Estimate: $0.88

-Guidance: Full year EPS guidance: $2.80 - $3.00