Pinnacle West (PNW) Reports Q4 Loss, Tops Revenue Estimates

Pinnacle West (PNW) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of$0.15. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this power company would post earnings of $3.35 per share when it actually produced earnings of$3.37, delivering a surprise of 0.60%.Over the last four quarters, the company has ...