BUZZ-PG&E Corp falls after missing Q2 profit estimates

Reuters
07-31
BUZZ-PG&E Corp falls after missing <a href="https://laohu8.com/S/QTWO">Q2</a> profit estimates

** Shares of U.S. utility PG&E Corp PCG.N down about 2% at $13.74

** Company misses Wall Street estimates for Q2 profit, hurt by an increase in operating and maintenance costs

** PCG reports Q2 adjusted profit of 31 cents/share vs analyst estimate of 32 cents/share - data compiled by LSEG

** Its total operating and maintenance costs rose 3.7% to $2.86 billion, adding that wildfire-related claims, net of recoveries and the utility's wildfire fund expense increased from a year earlier

** Its total quarterly operating revenue fell to $5.90 billion, from $5.99 billion, a year earlier

** Including session's moves, PCG shares down 31.7% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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