PPL Corp. (PPL) Tops Q2 EPS by 1c, Revenues Beat; Offers FY18 EPS Outlook Above Consensus

PPL Corp. (NYSE: PPL) reported Q2 EPS of $0.55, $0.01 better than the analyst estimate of $0.54. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.75 billion.

"Our regulated utilities continue to excel operationally as we invest in the future for our customers," said William H. Spence, PPL's chairman, president and chief executive officer. "We have also addressed the impacts of tax reform, taken the necessary steps to strengthen our credit metrics through the execution of an equity forward, and remain well positioned to deliver competitive earnings growth and a secure and growing dividend.

"Following another strong quarter, we\'ve raised the midpoint of our ongoing earnings guidance for 2018," Spence said.

GUIDANCE:

PPL Corp. sees FY2018 EPS of $2.34-$2.49, versus the consensus of $2.33.

For earnings history and earnings-related data on PPL Corp. (PPL) click here.

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