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Puget Energy Profit Jumps
Puget Energy(PSD Quote), a provider of transmission, distribution, and generation of electric energy, said Thursday its third-quarter earnings jumped 169.36% from the year-ago period, thanks to higher power sales.
The Bellevue, Wash.-based company earned $15.92 million, or 14 cents a share, in the quarter, compared with $5.91 million, or 6 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of $10.1 million, or 8 cents a share.
Third-quarter operating revenue rose 5.93% from a year ago to $519.46 million as against analysts' expectation of $494.14 million. ...
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