ALLENTOWN, Pa. (AP) \u2014 ALLENTOWN, Pa. (AP) \u2014 PPL Corp. (PPL) on Wednesday reported third-quarter net income of $318 million.\u2026<\/p>\n
ALLENTOWN, Pa. (AP) \u2014 ALLENTOWN, Pa. (AP) \u2014 PPL Corp. (PPL) on Wednesday reported third-quarter net income of $318 million.<\/p>\n
On a per-share basis, the Allentown, Pennsylvania-based company said it had net income of 43 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 48 cents per share.<\/p>\n
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.<\/p>\n
The energy and utility holding company posted revenue of $2.24 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.17 billion.<\/p>\n
PPL expects full-year earnings in the range of $1.78 to $1.84 per share.<\/p>\n
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This story was generated by Automated Insights<\/a> (http:\/\/automatedinsights.com\/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPL<\/a> at https:\/\/www.zacks.com\/ap\/PPL<\/p>\n Copyright
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