PG&E (PCG) Q2 Revenue Slips 1.5%

The company reported $5.90 billion in GAAP revenue, falling below the analyst consensus by about $341 million (GAAP) and declining compared to the same period of the previous year. Non-GAAP core EPS met last year's level but missed estimates by $0.01. Net income (GAAP) increased to $549 million, up 4.8% year-over- year, though both adjusted and unadjusted EPS came in flat relative to the prior year. The electric segment generated $4.41 billion in revenue, down from prior-year levels, while natural gas reven ...