Investing.com - FirstEnergy (NYSE:FE) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
FirstEnergy announced earnings per share of $0.69 on revenue of $2.7B. Analysts polled by Investing.com anticipated EPS of $0.687 on revenue of $2.94B.
FirstEnergy shares are up 18% from the beginning of the year, still down 18.62% from its 52 week high of $44.64 set on April 23, 2020. They are outperforming the S&P 500 which is up 10.09% from the start of the year.
FirstEnergy follows other major Utilities sector earnings this month
FirstEnergy's report follows an earnings beat by NextEra Energy on Wednesday, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.5778 on revenue of $4.9B.
American Electric Power had missed expectations on Thursday with first quarter EPS of $1.15 on revenue of $4.3B, compared to forecast for EPS of $1.18 on revenue of $4.3B.
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