NEW YORK (MarketWatch) - Progress Energy /quotes/comstock/13*!pgn/quotes/nls/pgn (PGN 37.93, -0.26, -0.68%) said Thursday its fourth-quarter net income climbed to $164 million, or 59 cents a share, from $107 million, or 41 cents a share, in the year-ago period. Adjusted earnings for the Raleigh, N.C. power provider rose to 50 cents a share from 47 cents a share. Wall Street analysts expected earnings of 50 cents a share, according to a survey by FactSet Research. Progress Energy's revenue rose to $2.3 billion from $2.2 billion. The company continues to expect 2010 adjusted earnings of $2.85 a share to $3.05 per share
Interesting how/why my 2/16 comment about Charlie Crist stacking the PSC board to keep rates down so he could win the Senate race was "edited" but the moderators wont shut down the spammers...oh, that's helpful
Pleased to see this . As a long time holder, this company will never shoot the lights out on earnings, but seldom disappoints either. Divy seems secure and as a farmer the divy helps smooth out my cash flow. Not for everyone, but it suits me fine. I just wish we had a board where we could discuss some of the issues affecting our company without the interference of all the current nonsense.
There is a place where you can enjoy informative discussions without all the nonsense. I have suggested it many times before but nobody really seems to want to make the move. Investor Village is an investing site that is well-run. No multiple ID's and abuse is dealt with quickly and effectively. They have two options (or at least I think they still do). A premium service that you pay for and a free service with advertising and fewer whistles and bells. If you folks really want a better forum, try it out. I have written to YAHOO! too many times reporting the abuses on this board and others and ABSOLUTELY NOTHING has ever been done! I have owned PGN for quite awhile and am satisfied, but often curious about price changes and how events effect the price. There are a few ernest posters here, but they are hard to find in all the trash. The person who has taken over this board is obviously very disturbed to spend hours every day posting such drivel. Go visit IV and see if you like it. I do not work for them and get nothing accept maybe a decent PGN board out of suggesting it. Good investing. Best regards, GFG
One final comment. Though still too early to draw final conclusions, it seems Johnson is the right man to lead this company. Mr. Johnson, if you're reading this, please consider selling our Florida assets. They have been nothing but a drain on this company, and now the PUC has turned sour. Cut your losses and leave these fools to their own devices.