Investing.com - PPL (NYSE:PPL) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PPL announced earnings per share of $0.41 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $0.4026 on revenue of $1.67B.
PPL shares are down 3% from the beginning of the year, still down 5.94% from its 52 week high of $30.72 set on September 8, 2021. They are outperforming the S&P 500 which is down 9.78% from the start of the year.
PPL follows other major Utilities sector earnings this month
PPL's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Southern had beat expectations on April 28 with first quarter EPS of $0.97 on revenue of $6.65B, compared to forecast for EPS of $0.9069 on revenue of $6B.
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