PPL Corp. Beats the Street

Published on Wed, 08/08/2012 - 11:41
By FNNO Staff in analysis, business finance, fnno, market, news, stock, trading
fnno, business finance, trading, stock, market, analysis, news

PPL Corp. (NYSE: PPL) has reported its second quarter earnings results today. The company saw a profit for the second quarter of $271 million, up 38.3% from last year's $196 million. The energy company reported an EPS of $0.46, above estimates of $0.41, and beating last year's $0.35 per share. Revenue grew 2.4% to $2.55 billion, above estimates of $2.24 billion.

The company has three straight quarters of rising net income, and attributes this quarter's success in part to strong earnings in the United Kingdom.

By FNNO Staff
fnnonline@gmail.com

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