Investing.com - PPL (NYSE:PPL) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PPL announced earnings per share of $0.28 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $0.606 on revenue of $1.82B.
PPL shares are up 2% from the beginning of the year, still down 6.53% from its 52 week high of $30.94 set on June 5, 2020. They are under-performing the S&P 500 which is up 10.96% from the start of the year.
PPL shares lost 1.11% 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 21, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.6097 on revenue of $4.87B.
Southern had beat expectations on April 29 with first quarter EPS of $0.98 on revenue of $5.91B, compared to forecast for EPS of $0.8327 on revenue of $5.49B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar