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Portland Gen Electric Q2 Adj. EPS $0.64 Misses $0.68 Estimate, Sales $814.000M Miss $839.831M Estimate
Portland Gen Electric (NYSE:POR) reported quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.68 by 5.88 percent. This is a 3.03 percent decrease over earnings of $0.66 per share from
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Portland General Electric shares are trading lower after the Oregon Public Utility Commission imposed additional conditions on the company’s proposed holding company reorganization.
UBS Maintains Neutral on Portland General Electric, Lowers Price Target to $50
UBS analyst Gregg Orrill maintains Portland General Electric (NYSE:POR) with a Neutral and lowers the price target from $53 to $50.
Portland General Electric Evaluates Options Following OPUC Order On Reorganization Structure; Company Does Not Expect To Proceed With The Reorganization Unless Provisions Are Clarified Or Modified; Unable To Estimate The Full Financial Impact Of The Order