FirstEnergy Corp. Q4 Profit Increases, But Misses Estimates

(RTTNews) - FirstEnergy Corp. (FE) released a profit for its fourth quarter that increased from last year but missed the Street estimates.

The company's bottom line came in at $261 million, or $0.45 per share. This compares with $175 million, or $0.30 per share, last year.

Excluding items, FirstEnergy Corp. reported adjusted earnings of $0.67 per share for the period.

Analysts on average had expected the company to earn $0.69 per share. Analysts' estimates typically exclude special items.

FirstEnergy Corp. earnings at a glance (GAAP) :

-Earnings: $261 Mln. vs. $175 Mln. last year. -EPS: $0.45 vs. $0.30 last year.