PPL: 4Q Earnings Snapshot
ALLENTOWN, Pa. (AP) _ PPL Corp. (PPL) on Thursday reported fourth-quarter earnings of $415 million.
The Allentown, Pennsylvania-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring gains, were 52 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The energy and utility holding company posted revenue of $1.94 billion in the period.
For the year, the company reported profit of $1.83 billion, or $2.58 per share. Revenue was reported as $7.79 billion.
PPL expects full-year earnings to be $2.30 to $2.50 per share.
PPL shares have risen nearly 9 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 10 percent.