Investing.com - PPL reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PPL announced earnings per share of $0.67 on revenue of $2.05B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $2.17B. That with comparison to EPS of $0.7 on revenue of $2.08B in the same period a year before.PPL had reported EPS of $0.57 on revenue of $1.95B in the previous quarter.Analysts are expecting EPS of $0.56 and revenue of $1.93B in the upcoming quarter.
PPL shares are down 32% from the beginning of the year and are trading at $24.63 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.2% year to date.
PPL shares gained 1.40% in pre-market trade the report.
PPL follows other major Utilities sector earnings this month
PPL's report follows an earnings beat by NextEra Energy on Wednesday, April 22, 2020, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Dominion Energy had missed expectations on Tuesday with first quarter EPS of $1.09 on revenue of $4.5B, compared to forecast for EPS of $1.1 on revenue of $4.72B.
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