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UPDATE: Pepco Q1 Revenue Up 31%

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Pepco Holdings (NYSE: POM) posted a loss in the first quarter.

Pepco posted a quarterly loss of $430 million, or $1.82 per share, versus a year-ago profit of $68 million, or $0.30 per share. Excluding one-time items, its adjusted earnings from continuing operations surged to $0.24 per share from $0.22 per share.

Its revenue fell 31% to $852 million. However, analysts were expecting earnings of $0.24 per share on revenue of $1.45 billion.

Pepco shares closed at $22.55 yesterday.

Posted-In: lossEarnings News

 

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