UPDATE: PPL Q3 Profit Increases 15%
PPL (NYSE: PPL) reported a 15% rise in its third-quarter earnings.
PPL now expects full-year earnings from ongoing operations of $2.30 to $2.40 per share.
PPL's quarterly profit surged to $410 million, or $0.62 per share, from a year-ago profit of $355 million, or $0.61 per share. Excluding one-time items, its earnings from ongoing operations came in at $0.66 per share.
Its revenue rose 29% to $3.11 billion. However, analysts were projecting a profit of $0.68 per share on revenue of $3.31 billion.
PPL shares closed at $30.77 yesterday.
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