Deutsche Bank Upgrades PPL Corp (PPL) to Buy

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Go back to Deutsche Bank Upgrades PPL Corp (PPL) to Buy

PPL Corporation Reports Third-Quarter Earnings

October 29, 2015 6:56 AM EDT

ALLENTOWN, Pa., Oct. 29, 2015 /PRNewswire/ -- PPL Corporation on Thursday (10/29) announced third-quarter 2015 reported earnings of $393 million, or $0.58 per share, a decrease from $497 million, or $0.74 per share, a year ago.

For the first nine months of 2015, PPL's reported earnings were $283 million, or $0.42 per share, compared with $1.04 billion, or $1.57 per share, in the first nine months of 2014. The company's results for the first nine months of 2015 reflect a loss from discontinued operations of $915 million, or $1.36 per share, resulting primarily from the June 1 spinoff of its competitive Supply business.

Adjusting for special items, third-quarter 2015 earnings from ongoing operations were... More