PHOENIX (AP) _ Pinnacle West Capital Corp. (PNW) on Wednesday reported second-quarter net income of $164.3 million.

On a per-share basis, the Phoenix-based company said it had net income of $1.45.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The power company posted revenue of $1.06 billion in the period.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNW at https://www.zacks.com/ap/PNW

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