Portland General Electric Company Reports Drop In Q1 Earnings

(RTTNews) - Portland General Electric Company (POR) reported earnings for first quarter that dropped from the same period last year.

The company's profit totaled $64 million, or $0.72 per share. This compares with $73 million, or $0.82 per share, in last year's first quarter.

Analysts had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.0% to $493 million from $530 million last year.

Portland General Electric Company earnings at a glance:

-Earnings (Q1): $64 Mln. vs. $73 Mln. last year. -EPS (Q1): $0.72 vs. $0.82 last year. -Analysts Estimate: $0.67 -Revenue (Q1): $493 Mln vs. $530 Mln last year.

-Guidance: Full year EPS guidance: $2.10 - $2.25