Pepco Holdings, Inc. (POM) Tops Q1 EPS by 6c

Pepco Holdings, Inc. (NYSE: POM) reported Q1 EPS of $0.30, $0.06 better than the analyst estimate of $0.24. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.06 billion.

“Last week we announced plans to merge with Exelon, with the goal of creating a stronger combined company that is better positioned to deliver value to our customers,” said Joseph M. Rigby, Chairman, President and Chief Executive Officer. “As we move forward with the approval process, we remain focused on continued improvement in reliability and customer satisfaction through ongoing investment in our infrastructure. The significant investments we have made in the electric system have resulted in a more resilient electric grid and the increase in earnings in the first quarter of 2014 reflects the impact of these investments.”

For earnings history and earnings-related data on Pepco Holdings, Inc. (POM) click here.

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