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PG&E: Q1 Earnings Snapshot

OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Pacific Gas & Electric Co. (PCG) on Thursday reported first-quarter net income of $885 million.

The Oakland, California-based company said it had net income of 39 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 43 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The utility holding company posted revenue of $6.88 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $6.46 billion.

PG&E expects full-year earnings in the range of $1.64 to $1.66 per share.

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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 PCG at https://www.zacks.com/ap/PCG

ING: Q2 Earnings Snapshot

AMSTERDAM (AP) — AMSTERDAM (AP) — ING Groep NV (ING) on Thursday reported net income of $2.26 billion in its second quarter. The Amsterdam-based bank said it had earnings of 79 cents per share. The financial services provider posted revenue of $7.31 billion in the period. Its revenue net of interest expense was $7.31 billion, surpassing Street forecasts. _____
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