BUZZ - Public Service Enterprise shares drop as third-quarter profit misses expectations

November 2 - ** Shares of the US utility company Public Service Enterprise (PEG.N) fell 2.8% in pre-market trading to $72.2

** According to data compiled by London Stock Exchange Group (LSEG), the company reported adjusted earnings per share of $1.15 for the third quarter, below analysts’ expectations of $1.20 per share

** PEG's third-quarter operating revenue was $3.02 billion, below the expected $3.19 billion

** The company reported adjusted operating profit of $574 million for the third quarter, compared to $565 million in the same period last year

** PEG reaffirmed its forecast for adjusted operating earnings per share of $4.28 to $4.40 in 2026

** As of the previous trading day’s close, the stock had declined by 7.5% year to date

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