Utility PG&E falls on Q3 profit miss
Yesterday 11:25
BUZZ-Utility PG&E falls on Q3 profit miss ** Shares of California-based utility PG&E PCG.N down 1.1% at $13.15 premarket
** Co narrowly misses profit estimates for Q3, weighed down by lower CPUC return on equity in effect during 2026 compared with 2025
** Posts Q3 adj. profit per share of 41 cents vs. analysts' estimates of 42 cents — LSEG data
** PCG reaffirms 2026 and 2027 non-GAAP core EPS guidance ranges of $1.64 to $1.66 and $1.78 to $1.82, respectively
** As of last close, PCG down 18.2% YTD
(Dharna Bafna in Bengaluru)