FirstEnergy (FE) Tops Q2 EPS by 1c, Affirms FY 2017 Outlook

FirstEnergy (NYSE: FE) reported Q2 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.38 billion.

GUIDANCE:

FirstEnergy sees Q3 2017 EPS of $0.75-$0.90, versus the consensus of $0.95.

FirstEnergy sees Q4 2017 EPS of $0.55-$0.70, versus the consensus of $0.95.

FirstEnergy sees FY 2017 EPS of $2.70-$3.00 , versus the consensus of $2.80.

"We are pleased with the continued solid performance of our regulated businesses in the second quarter, reflecting our customer-focused growth initiatives," said Charles E. Jones, FirstEnergy president and chief executive officer. "We remain on track to achieve the operating earnings guidance we outlined earlier this year."

For earnings history and earnings-related data on FirstEnergy (FE) click here.

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