Pinnacle West Reports Q4 EPS of $0.06 vs. $0.01

Pinnacle West Capital Corporation PNW today reported consolidated on-going earnings of $7.1 million, or $0.06 per diluted share of common stock, for the quarter ended December 31, 2010. This result compares with an on-going loss of $16.1 million, or $0.16 per share, in the same 2009 period. The Company reported net income attributable to common shareholders of $7.4 million, or $0.07 per share, for the 2010 fourth quarter, compared with a consolidated net loss of $30.2 million, or $0.30 per diluted share, for the same quarter a year ago.