PPL: 2Q Earnings Snapshot
Aug. 07, 2018
ALLENTOWN, Pa. (AP) _ PPL Corp. (PPL) on Tuesday reported second-quarter profit of $515 million.
On a per-share basis, the Allentown, Pennsylvania-based company said it had profit of 73 cents. Earnings, adjusted for non-recurring gains, were 55 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The energy and utility holding company posted revenue of $1.85 billion in the period.
PPL expects full-year earnings in the range of $2.25 to $2.40 per share.
PPL shares have fallen 6 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent.