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PPL Corporation Q2 adjusted earnings Beat Estimates

PPL Corporation (PPL) reported earnings for second quarter that declined from last year.

The company's bottom line totaled $344 million, or $0.45 per share. This compares with $441 million, or $0.60 per share, in last year's second quarter.

Excluding items, PPL Corporation reported adjusted earnings of $427 million or $0.65 per share for the period.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.3% to $1.74 billion from $1.80 billion last year.

PPL Corporation earnings at a glance:

-Earnings (Q2): $427 Mln. vs. $422 Mln. last year.
-EPS (Q2): $0.65 vs. $0.58 last year.
-Analysts Estimate: $0.54
-Revenue (Q2): $1.74 Bln vs. $1.80 Bln last year.

-Guidance:
Full year EPS guidance: $2.40 to $2.60

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