Investing.com - PPL (NYSE:PPL) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PPL announced earnings per share of $0.58 on revenue of $1.89B. Analysts polled by Investing.com anticipated EPS of $0.62 on revenue of $2.01B.
PPL shares are down 20% from the beginning of the year, still down 22.89% from its 52 week high of $36.83 set on January 29. They are under-performing the S&P 500 which is up 8.97% from the start of the year.
PPL shares gained 1.72% in intra-day trade following the report.
PPL follows other major Utilities sector earnings this month
PPL'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.
Duke Energy had beat expectations on Thursday with third quarter EPS of $1.87 on revenue of $6.72B, compared to forecast for EPS of $1.79 on revenue of $7.25B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar