PPL Corporation Q1 Profit Increases, beats estimates

(RTTNews) - PPL Corporation (PPL) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $285 million, or $0.39 per share. This compares with $273 million, or $0.37 per share, in last year's first quarter.

Excluding items, PPL Corporation reported adjusted earnings of $352 million or $0.48 per share for the period.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.0% to $2.42 billion from $1.78 billion last year.

PPL Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $285 Mln. vs. $273 Mln. last year. -EPS (Q1): $0.39 vs. $0.37 last year. -Analyst Estimate: $0.46 -Revenue (Q1): $2.42 Bln vs. $1.78 Bln last year.

-Guidance: Full year EPS guidance: $1.50 to $1.65