PPL Corporation Q3 Profit Drops, Inline With Estimates

(RTTNews) - PPL Corporation (PPL) revealed earnings for third quarter that decreased from the same period last year in line with the Street estimates.

The company's earnings totaled $214 million, or $0.29 per share. This compares with $230 million, or $0.31 per share, in last year's third quarter.

Excluding items, PPL Corporation reported adjusted earnings of $310 million or $0.42 per share for the period.

Analysts on average had expected the company to earn $0.42 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 $2.066 billion from $2.043 billion last year.

PPL Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $214 Mln. vs. $230 Mln. last year. -EPS (Q3): $0.29 vs. $0.31 last year. -Revenue (Q3): $2.066 Bln vs. $2.043 Bln last year.

-Guidance: Full year EPS guidance: $1.67 to $1.73