Investing.com - FirstEnergy (NYSE:FE) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
FirstEnergy announced earnings per share of $0.57 on revenue of $2.5B. Analysts polled by Investing.com anticipated EPS of $0.55 on revenue of $2.55B.
FirstEnergy shares are down 43% from the beginning of the year , still down 47.83% from its 52 week high of $52.52 set on February 18. They are under-performing the S&P 500 which is up 0.15% from the start of the year.
FirstEnergy follows other major Utilities sector earnings this month
FirstEnergy's report follows an earnings matched by Kinder Morgan on Wednesday, who reported EPS of $0.17 on revenue of $2.56B, compared to forecasts EPS of $0.17 on revenue of $2.89B.
Avangrid Inc had missed expectations on Tuesday with second quarter EPS of $0.32 on revenue of $1.39B, compared to forecast for EPS of $0.34 on revenue of $1.46B.
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