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Pinnacle West Reports 2004 Second Quarter Earnings.

Publication: Business Wire
Publication Date: 29-JUL-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
PHOENIX -- Pinnacle West Capital Corporation (NYSE: PNW) today reported consolidated net income for the quarter ended June 30, 2004, of $71 million, or $0.78 per diluted share of common stock. This result compares with net income of $56 million, or $0.61 per diluted share, for the same quarter a year ago.

On-going consolidated earnings in the second quarter of 2004 were $50 million, or $0.55 per share, compared with $56 million, or $0.61 per share in the comparable 2003 quarter. On-going earnings exclude a gain of $21 million after income taxes, or $0.23 per share, from the second quarter 2004 sale of the Company's interest in the Phoenix Suns professional basketball team...

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