PGE posts 4Q profit

PGE posts 4th-quarter profit of $61 million

PORTLAND, Ore. (AP) _ Portland General Electric Co. (POR) on Friday reported fourth-quarter earnings of $61 million.

On a per-share basis, the Portland, Oregon-based company said it had profit of 68 cents.

The electric utility posted revenue of $524 million in the period.

For the year, the company reported profit of $193 million, or $2.16 per share. Revenue was reported as $1.92 billion.

PGE expects full-year earnings to be $2.20 to $2.35 per share.

PGE shares have dropped slightly since the beginning of the year. The stock has climbed 14 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POR at https://www.zacks.com/ap/POR

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Keywords: PGE, Earnings Report

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