PPL Corporation (NYSE:PPL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
PPL Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 1.43% to $0.71 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Decreased 40.25% to $2.46 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: PPL Corporation reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.7. It missed the average revenue estimate of $3.37 billion.
Quoting Management: “We delivered strong quarter-over-quarter growth in each of the regulated business segments, keeping us on track to achieve our 2013 net income target,” said William H. Spence, PPL chairman, president and chief executive officer.
Key Stats (on next page)…