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PG&E Corp. Reaffirms FY24 Adj. EPS Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Thursday, utility PG&E Corp. (PCG) raised its earnings guidance for the full-year 2024, while reaffirming core earnings outlook.
For fiscal 2024, the company now expects earnings in a range of $1.15 to $1.20 per share and core earnings in a range of $1.33 to $1.37 per share.
Previously, the company expected earnings in the range of $1.10 to $1.14 per share and core earnings in the range of $1.33 to $1.37 per share.
On average, ten analysts polled by Thomson Reuters expect the company to report earnings of $1.35 per share for the year. Analysts' estimates typically exclude special items.
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PG&E Corp. Reaffirms FY22 Adj. EPS Outlook - Update
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.
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PG&E Corp. Again Reaffirms FY22 Adj. EPS Outlook - Update
While reporting financial results for the second quarter on Thursday, utility PG&E Corp. (PCG) slashed its earnings guidance for the full-year 2022, while again reaffirming core earnings outlook.
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Australia Cuts Key Interest Rate For Second Time This Year
Australia's central bank lowered its benchmark rate by a quarter-point for the second time this year as risks to inflation became more balanced, while uncertainties regarding economic outlook increased due to trade protectionism measures. The policy board of the Reserve Bank of Australia, governed by Michele Bullock, decided to cut the cash rate target to 3.85 percent from 4.10 percent.
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China Cuts Loan Prime Rates For First Time In 7 Months
The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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European Shares Likely To Open On Firm Note
European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.
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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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