PPL: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 08:09 AM ET
Last Updated - Jun 21, 2023, 10:54 PM EDT
ALLENTOWN, Pa. (AP) — ALLENTOWN, Pa. (AP) — PPL Corp. (PPL) on Thursday reported first-quarter net income of $285 million.
The Allentown, Pennsylvania-based company said it had profit of 39 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 48 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The energy and utility holding company posted revenue of $2.42 billion in the period.
