FirstEnergy (FE) PT Lowered to $35 at Jefferies Post Q3
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FirstEnergy Announces Third Quarter Financial Results
October 29, 2015 4:20 PM EDTAKRON, Ohio, Oct. 29, 2015 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported third quarter 2015 operating (non-GAAP) earnings* of $0.98 per basic share of common stock. These results exclude the impact of the special items listed below, and compare to 2014 third quarter operating (non-GAAP) earnings of $0.89 per basic share of common stock.
GAAP earnings for the third quarter of 2015 were $395 million, or $0.94 per basic share of common stock ($0.93 diluted), on revenue of $4.1 billion. For the third quarter of 2014, GAAP earnings were $333 million, or $0.79 per basic and diluted share of common stock, on revenue of $3.9 billion.... More
