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.
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