Plus   Neg

FirstEnergy Corp. Q1 adjusted earnings Beat Estimates

FirstEnergy Corp. (FE) reported a profit for first quarter that decreased from last year.

The company's earnings totaled $0.32 billion, or $0.59 per share. This compares with $1.2 billion, or $2.55 per share, in last year's first quarter.

Analysts had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue held steady at $2.9 billion

FirstEnergy Corp. earnings at a glance:

-EPS (Q1): $0.67 vs. $0.67 last year.
-Analysts Estimate: $0.65
-Revenue (Q1): $2.9 Bln vs. $2.9 Bln last year.

Next quarter EPS guidance: $0.55 - $0.65
Full year EPS guidance: $2.45 - $2.75

For comments and feedback contact: editorial@rttnews.com

Follow RTT