Portland General Electric (POR) Misses Q1 EPS by 10c; Trims FY15 EPS Outlook

Portland General Electric (NYSE: POR) reported Q1 EPS of $0.62, $0.10 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $473 million versus the consensus estimate of $499 million.

Portland General Electric sees FY2015 EPS of $2.20-$2.35, versus prior guidance of $2.05-$2.20 and the consensus of $2.28. The decrease in net income quarter over quarter and revised guidance is due to significantly lower retail revenues from warmer weather, which impacted first quarter 2015 financial results by approximately $0.20 per diluted share.

For earnings history and earnings-related data on Portland General Electric (POR) click here.

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