Public Service Enterprise Group Inc PEG released its results for the second quarter on Wednesday.
PSEG reported its quarterly earnings at $323 million, or $0.63 per share, up from $224 million, or $0.44 per share, in the year-earlier period. Its adjusted earnings came in at $0.63 per share. However, analysts were expecting earnings of $0.54 per share on revenue of $2.3 billion.
PSEG affirmed its 2011 operational earnings forecast in the range of $2.50 to $2.75 per share.
PSEG shares dropped 1.26% to close at $32.25 yesterday.
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