PPL Corporation Q3 adjusted earnings Miss Estimates

(RTTNews) - PPL Corporation (PPL) revealed a profit for third quarter that fell from last year.

The company's bottom line totaled $281 million, or $0.37 per share. This compares with $475 million, or $0.65 per share, in last year's third quarter.

Excluding items, PPL Corporation reported adjusted earnings of $450 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.1% to $1.89 billion from $1.93 billion last year.

PPL Corporation earnings at a glance:

-Earnings (Q3): $450 Mln. vs. $445 Mln. last year. -EPS (Q3): $0.58 vs. $0.61 last year. -Analysts Estimate: $0.61 -Revenue (Q3): $1.89 Bln vs. $1.93 Bln last year.

-Guidance: Full year EPS guidance: $2.40 to $2.50