Investing.com - FirstEnergy (NYSE:FE) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
FirstEnergy announced earnings per share of $0.84 on revenue of $3B. Analysts polled by Investing.com anticipated EPS of $0.79 on revenue of $2.95B.
FirstEnergy shares are down 38% from the beginning of the year, still down 42.73% from its 52 week high of $52.52 set on February 18. They are under-performing the S&P 500 which is up 2.2% from the start of the year.
FirstEnergy shares gained 1.21% in intra-day trade following the report.
FirstEnergy follows other major Utilities sector earnings this month
FirstEnergy's report follows an earnings beat by NextEra Energy on October 21, who reported EPS of $0.67 on revenue of $4.79B, compared to forecasts EPS of $0.65 on revenue of $5.44B.
Southern had beat expectations on Thursday with third quarter EPS of $1.22 on revenue of $5.62B, compared to forecast for EPS of $1.21 on revenue of $6.36B.
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