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PGE: 1Q Earnings Snapshot

PORTLAND, Ore. (AP) _ Portland General Electric Co. (POR) on Friday reported first-quarter profit of $73 million.

The Portland, Oregon-based company said it had profit of 82 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The electric utility posted revenue of $573 million in the period.

PGE expects full-year earnings to be $2.35 to $2.50 per share.

PGE shares have climbed 12 percent since the beginning of the year. The stock has risen 26 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POR at https://www.zacks.com/ap/POR