Investing.com - PPL (NYSE:PPL) reported on Monday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
PPL announced earnings per share of $0.55 on revenue of $1.74B. Analysts polled by Investing.com anticipated EPS of $0.55 on revenue of $1.91B.
PPL shares are down 24% from the beginning of the year, still down 26.31% from its 52 week high of $36.83 set on January 29. They are under-performing the S&P 500 which is up 3.73% from the start of the year.
PPL shares gained 1.51% in pre-market trade following the report.
PPL follows other major Utilities sector earnings this month
PPL's report follows an earnings beat by NextEra Energy on July 24, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Dominion Energy had beat expectations on July 31 with second quarter EPS of $0.82 on revenue of $3.59B, compared to forecast for EPS of $0.79 on revenue of $3.98B.
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