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 $0.36 on revenue of $1.51B. Analysts polled by Investing.com anticipated EPS of $0.382 on revenue of $1.6B.
PPL shares are up 42% from the beginning of the year, still down 4.84% from its 52 week high of $30.80 set on November 24, 2020. They are outperforming the Euro Stoxx 50 which is up 21.88% from the start of the year.
PPL shares gained 0.14% 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 October 20, who reported EPS of $0.75 on revenue of $4.37B, compared to forecasts EPS of $0.716 on revenue of $5.44B.
Duke Energy had beat expectations on Thursday with third quarter EPS of $1.88 on revenue of $6.95B, compared to forecast for EPS of $1.8 on revenue of $7.32B.
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