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Pinnacle West Capital Affirms FY23 EPS Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Thursday, energy holding company Pinnacle West Capital Corp. (PNW) affirmed its earnings guidance for the full-year 2023 in the range of $3.95 to $4.15 per share on a weather-normalized basis.
On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $4.06 per share for the year. Analysts' estimates typically exclude special items.
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Pinnacle West Capital Guides FY24 EPS In Line With Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, energy holding company Pinnacle West Capital Corp. (PNW) initiated its earnings guidance for the full-year 2024 in the range of $4.60 to $4.80 per share on a weather-normalized basis, following the recent conclusion of APS's rate case.
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FTSE 100 Advances Despite Weak GDP Data
Despite data showing an unexpected contraction in the nation's GDP in the month of January, U.K. stocks are up in positive territory on Friday, tracking cues from other major European markets. Bank and mining stocks are among the prominent gainers.
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BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25
German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
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Pound Slides On Weak UK GDP Data
The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
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CAC Moderately Higher In Cautious Trade
French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
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DAX Climbs Higher; Adidas, Daimler Among Notable Gainers
German stocks are up firmly in positive territory a little past noon on Friday, despite rising trade tensions, and uncertainty surrounding the nation's spending plans. Investors are digesting the nation's inflation data and some corporate earnings updates.
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Pound Slides Against Most Majors
The British pound weakened against most major currencies in the European session on Friday.
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European Shares Inch Higher In Cautious Trade
European shares inched higher on Friday but were on track for a weekly loss on heightened trade tensions and growing concerns about an economic slowdown.
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