PPL Corporation Q3 adjusted earnings Beat Estimates

(RTTNews) - PPL Corporation (PPL) revealed a profit for its third quarter that increased from the same period last year.

The company's profit totaled $445 million, or $0.62 per share. This compares with $355 million, or $0.51 per share, in last year's third quarter.

Excluding items, PPL Corporation reported adjusted earnings of $422 million or $0.59 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.1% to $1.87 billion from $1.85 billion last year.

PPL Corporation earnings at a glance:

-Earnings (Q3): $422 Mln. vs. $388 Mln. last year. -EPS (Q3): $0.59 vs. $0.56 last year. -Analysts Estimate: $0.58 -Revenue (Q3): $1.87 Bln vs. $1.85 Bln last year.

-Guidance: Full year EPS guidance: $2.30 to $2.40