PG&E (PCG) Q1 Earnings Beat Estimates, Revenues Decline Y/Y

PG&E Corporation (PCG) reported first-quarter 2024 adjusted earnings per share (EPS) of 37 cents, which surpassed the Zacks Consensus Estimate of 35 cents by 5.7%. The bottom line also improved 27.6% from the year-ago quarter’s reported figure.The company reported GAAP earnings of 34 cents per share compared with 27 cents in the prior-year quarter.The year-over-year improvement in the bottom line can be attributed to an increase in customer capital investment, non-fuel operating and maintenance (O&M) saving ...