Investing.com - PPL (NYSE:PPL) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PPL announced earnings per share of $0.67 on revenue of $2.05B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $2.17B. That with comparison to EPS of $0.7 on revenue of $2.08B in the same period a year before. PPL had reported EPS of $0.57 on revenue of $1.95B in the previous quarter. Analysts are expecting EPS of $0.56 and revenue of $1.93B in the upcoming quarter.
PPL shares are down 32% from the beginning of the year , still down 34.05% from its 52 week high of $36.83 set on January 29. They are under-performing the S&P 500 which is down 11.2% year to date.
PPL shares gained 1.40% 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 April 22, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Dominion Energy had missed expectations on Tuesday with first quarter EPS of $1.09 on revenue of $4.5B, compared to forecast for EPS of $1.1 on revenue of $4.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar