PG&E Corp. Q4 Profit Increases, beats estimates

(RTTNews) - PG&E Corp. (PCG) released a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $919 million, or $0.43 per share. This compares with $513 million, or $0.24 per share, in last year's fourth quarter.

Excluding items, PG&E Corp. reported adjusted earnings of $1.01 billion or $0.47 per share for the period.

Analysts on average had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

PG&E Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $919 Mln. vs. $513 Mln. last year. -EPS (Q4): $0.43 vs. $0.24 last year. -Analyst Estimate: $0.45