APS parent reports strong Q4 results, beats Wall Street projections

The parent company of Arizona’s largest utility put up strong fourth quarter financial results, easily beating what analysts were anticipating.

Pinnacle West Capital Corp. (NYSE: PNW), the parent company of Arizona Public Service Co., on Friday reported higher income on lower revenue for the quarter that ended Dec. 31, 2018, on financial numbers that looked strikingly similar to the same quarter in 2017.

Don Brandt, Pinnacle West’s chairman, president and CEO, said in a statement the financials…

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