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PG&E Corp. Reaffirms FY22 Adj. EPS Outlook - Update
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, utility PG&E Corp. (PCG) trimmed its earnings guidance for the full-year 2023, while reaffirming core earnings outlook.
For fiscal 2023, the company now expects earnings in a range of $0.98 to $1.13 per share and core earnings in a range of $1.19 to $1.23 per share.
Previously, the company expected earnings in the range of $0.98 to $1.21 per share and core earnings in the range of $1.19 to $1.23 per share.
On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $1.22 per share for the year. Analysts' estimates typically exclude special items.
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R&M Refresher Instant Milk Tea Powder Recalled
Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
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Chinese Yuan Falls To 8-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Tuesday.
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Indian shares struggled for direction on Tuesday despite firm cues from global markets.
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