Sierra Pacific sees 40 percent increase in second-quarter profit

Edwards, John G.
August 2008
Las Vegas Business Press (10712186);8/4/2008, Vol. 25 Issue 31, pP15
The article reports on the 40% increase in the profits posted by Sierra Pacific Resources in Nevada on July 25, 2008 in the second-quarter, despite cool summer temperatures and economic slowdown. The company's earnings per share rose from 12 cents to 15 cents. According to Michael Yackira, chief executive officer (CEO), the maintenance expenses of the firm have been reduced because it has been doing a good job in repairing lines and equipment. It cites the growth in the net income of Sierra Pacific Power Co. of Reno for the quarter.


Related Articles

  • Casinos rake in record winnings. Edwards, John G. // Las Vegas Business Press (10712186);2/18/2008, Vol. 25 Issue 7, p15 

    The article reports on the announcement made by Sierra Pacific Resources on February 11, 2008 that its ongoing profits increased in the fourth quarter of 2007. The company reported that its ongoing earnings were up from $4.3 million in 2007 to $14 million in the fourth quarter of 2008. Ongoing...

  • Quarterly revenue falls at Sierra Pacific after cooler summer. Edwards, John G. // Las Vegas Business Press (10712186);11/10/2008, Vol. 25 Issue 45, p15 

    The article reports that Sierra Pacific Resources, the holding company for two electric utilities in Nevada, has posted a decline in its net income in the third quarter of 2008. In addition, revenues declined by seven percent as the utility dealt with lower summer temperatures and a sluggish...

  • Michael Yackira. Edwards, John G. // Las Vegas Business Press (10712186);10/22/2007, Vol. 24 Issue 43, p17 

    An interview with Michael Yackira, CEO of Sierra Pacific Resources, is presented. He reveals his aim for the company to be known as a leader in energy conservation efforts and renewable energy. He cites that the Bible have influenced his life more than any other books from a personal...

  • IP Sees Boost in Q3 Results.  // Official Board Markets;11/10/2007, Vol. 83 Issue 45, p6 

    The article reports on the increase of the net earnings of Memphis, Tennessee-based International Paper (IP) Co. in the third quarter of 2007. The quarter increase reflects fewer planned maintenance outages and improved price realizations in North America, Europe and Brazil which offset by...

  • 3Q Earnings Scorecard.  // American Banker;10/11/2013, Vol. 178 Issue F340, p14 

    The article refers to a third-quarter 2013 corporate earnings scorecard and notes the earnings-per-share figures have been adjusted and might diverge from standard accounting (GAAP) figures.

  • CFO seeks to 'em-power' employees in reviving utility. Sodoma, Brian // Las Vegas Business Press;7/26/2004, Vol. 21 Issue 28, p6 

    Profiles Michael Yackira, executive vice president and chief financial officer for Sierra Pacific Resources Co. Personal background; Career highlights; Role of Yackira as mentor to his employees; Contribution to the creation of the company's Diversity Champions Initiative; Achievements.

  • Bill Boyd to leave Boyd Gaming CEO post. Edwards, John // Las Vegas Business Press (10712186);8/6/2007, Vol. 24 Issue 32, p5 

    The article discusses the stock dividend of Sierra Pacific Resources in September 2007. An 8-cent per share will be distributed to shareholders which will total to $17.7 million for the quarter. The announcement for the dividend was made a few days before the company reported a decline in...

  • Wonders raised about plant's future. Edwards, John G. // Las Vegas Business Press (10712186);8/18/2008, Vol. 25 Issue 33, pP14 

    The article reports on some speculations about the Ely Energy Center project in Las Vegas, Nevada. It states that the signals from Sierra Pacific Resources, Nevada Power Co.'s parent company, are implying that the project is dead but Sierra states that it will postpone the Ely project due to...

  • Looking at value. Hasenfuss, Marc // Finance Week;Oct2002 Supplement, p39 

    Focuses on the significance of the earnings per share in the determining the financial performance of various firms in South Africa. Level of profitability; Availability of funds; Assessment on the revenue growth of the firms.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics