For the quarter, PG&E reported adjusted earnings of 66 cents per share on revenue of $4.17 billion. Revenue fell 1.1% year-over-year.
Wall Street was looking for the company to report adjusted earnings of 92 cents per share and revenue of $4.34 billion for the period.
Earnings this quarter were hurt by a rise in maintenance costs and a decline in revenue, according to a company statement.
PG&E is a San Francisco-based gas and electric utility company.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.
The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. TheStreet Ratings feels its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
You can view the full analysis from the report here: PCG