Pinnacle West (PNW) Reports Q1 Loss, Tops Revenue Estimates

Pinnacle West (PNW) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of$ 0.05. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -180%. A quarter ago, it was expected that this power company would post a loss of$ 0.15 per share when it actually produced a loss of $0.06, delivering a surprise of 60%.Over the last four quarters, the company has surpassed conse ...