PPL Profit, Operating Revenue Rises -- Earnings Review
August 07 2018 - 8:49AM
Dow Jones News
By Aisha Al-Muslim
PPL Corp. (PPL) reported its second-quarter results before the
opening of trading Tuesday. Here's what you need to know.
PROFIT: Net income for the utility holding company was $515
million, or 73 cents a share, compared with $292 million, or 43
cents a share, for the same quarter a year before. Adjusted
earnings were 55 cents a share, beating the 54 cents a share
analysts polled by Thomson Reuters were looking for.
REVENUE: Operating revenues rose more than 7% to $1.85 billion,
ahead of the consensus forecast of $1.75 billion.
GUIDANCE: For 2018, the company guided adjusted earnings per
share of $2.34 to $2.49, compared with analysts' estimates of $2.33
a share.
STOCK MOVE: The stock rose 1.6% to $29.48 in premarket trading
Tuesday. Shares are down more than 25% in the last year.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
August 07, 2018 08:34 ET (12:34 GMT)
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