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 $0.59 on revenue of $2.62B. Analysts polled by Investing.com anticipated EPS of $0.5717 on revenue of $2.63B.
FirstEnergy shares are up 27% from the beginning of the year, still down 1.44% from its 52 week high of $39.71 set on July 22. They are outperforming the S&P 500 which is up 16.28% from the start of the year.
FirstEnergy follows other major Utilities sector earnings this month
FirstEnergy's report follows an earnings beat by American Electric Power on Thursday, who reported EPS of $1.18 on revenue of $3.8B, compared to forecasts EPS of $1.12 on revenue of $3.85B.
Kinder Morgan had beat expectations on Wednesday with second quarter EPS of $0.23 on revenue of $3.15B, compared to forecast for EPS of $0.1892 on revenue of $2.88B.
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