PPL Corp. (PPL) Tops Q2 EPS by 2c; Boosts FY15 EPS Outlook

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Go back to PPL Corp. (PPL) Tops Q2 EPS by 2c; Boosts FY15 EPS Outlook

PPL Corporation Reports Second-Quarter Earnings

August 3, 2015 6:56 AM EDT

ALLENTOWN, Pa., Aug. 3, 2015 /PRNewswire/ -- Reflecting a $1 billion loss, or $1.50 per share, from discontinued operations associated with the June 1 spinoff of its competitive supply business, PPL Corporation (NYSE: PPL) on Monday (8/3) reported a second-quarter 2015 loss of $757 million, or $1.13 per share. The loss from discontinued operations included an $879 million loss reflecting the fair value of the supply business at the time of the spinoff compared to the recorded value of that segment. For the second quarter of 2014, the company's reported earnings were $229 million, or $0.34 per share.

The reported loss for... More