2023-05-02 07:36:10 ET
- Public Service press release ( NYSE: PEG ): Q1 Non-GAAP EPS of $1.39 beats by $0.14 .
- Revenue of $3755M (+62.6% Y/Y) beats by $865M .
- Re-Affirms Full-Year 2023 Non-GAAP Operating EPS Guidance Range of $3.40 - $3.50 vs. consensus of $3.45. This range was narrowed in February 2023 with no change to the original midpoint, and reflects the actual pension impact of 2022 investment results on 2023 earnings and higher interest expense expectations offset by growth in regulated operations, a higher average hedged price for 2023, the majority of which was realized in the first quarter, and cost reduction efforts throughout the organization.
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Public Service beats Q1 top and bottom line estimates; reaffirms FY23 outlook