PPL PPL Corporation

   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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