Pinnacle West: Q4 Earnings Snapshot

Associated Press Finance
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PHOENIX (AP) — PHOENIX (AP) — Pinnacle West Capital Corp. (PNW) on Tuesday reported a loss of $23,000 in its fourth quarter.

The Phoenix-based company said it had a loss of less than 1 cent on a per-share basis.

The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The power company posted revenue of $991.6 million in the period.

For the year, the company reported profit of $501.6 million, or $4.41 per share. Revenue was reported as $4.7 billion.

Pinnacle West expects full-year earnings to be $4.60 to $4.80 per share.

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

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