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Market Overview

FirstEnergy: Q3 Earnings Insights

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Shares of FirstEnergy (NYSE:FE) rose 0.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 10.53% year over year to $0.84, which beat the estimate of $0.76.

Revenue of $3,000,000,000 rose by 1.25% year over year, which beat the estimate of $2,940,000,000.

Guidance

FirstEnergy hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $52.52

52-week low: $22.85

Price action over last quarter: Up 1.32%

Company Profile

FirstEnergy is one of the largest investor-owned utilities in the United States with 10 distribution utilities serving 6 million customers in six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest transmission systems with more than 24,500 miles of lines.

 

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Posted-In: Earnings News

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