NEWARK, N.J. (AP) _ Public Service Enterprise Group Inc. (PEG) on Wednesday reported first-quarter earnings of $648 million.

On a per-share basis, the Newark, New Jersey-based company said it had net income of $1.28.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The parent company of PSEG Power and Public Service Electric & Gas Co. posted revenue of $2.89 billion in the period.

PSEG expects full-year earnings in the range of $3.35 to $3.55 per share.

PSEG shares have increased slightly more than 8% since the beginning of the year, while the S&P’s 500 index has increased 11%. The stock has increased 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEG at https://www.zacks.com/ap/PEG