Portland General Electric Q4 Profit Slightly Decreases - Quick Facts

(RTTNews.com) - Portland General Electric Company ( POR ) reported fourth-quarter net income of $28 million, or $0.38 per share compared to $29 million or $0.38 per share, last year.

Net revenues decreased to $463 million from $479 million last year. Total revenues decreased 3 percent largely due to a 2 percent decrease in the volume of energy sold and delivered, due to warmer weather, and a 2% retail price decrease, reflecting lower expected power costs.

Although revenue decreased year-over-year, the company recorded higher income from operations, and higher income before income taxes for the fourth quarter of 2012.

On average, ten analysts polled by Thomson Reuters expected the company to report profit of $0.41 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $489.19 million for the quarter.

The company expects full-year 2013 earnings in the range of $1.85 to $2.00 per share. Analysts expect the company to report 2013 profit per share of $1.91.

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