PSEG (PEG) Q1 Earnings Miss Estimates, Revenues Down Y/Y

Public Service Enterprise Group Incorporated (PEG) or PSEG reported first-quarter 2024 adjusted earnings of $1.31 per share, which missed the Zacks Consensus Estimate of$1.32 by 0.8%. Earnings also declined 5.8% from the prior-year reported figure.The company reported quarterly GAAP earnings per share (EPS) of $1.06 compared with$2.58 in the corresponding period of 2023.The year-over-year deterioration can be attributed to higher investment-related expenses.Total RevenuesOperating revenues in the first qu ...