RBC Capital Downgrades FirstEnergy Corp. (FE) to Sector Perform

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Go back to RBC Capital Downgrades FirstEnergy Corp. (FE) to Sector Perform

FirstEnergy Announces First Quarter 2016 Results

April 26, 2016 4:25 PM EDT

AKRON, Ohio, April 26, 2016 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2016 operating (non-GAAP) earnings* of $0.80 per basic share of common stock.  These results exclude the impact of the special items listed below and compare to first quarter 2015 operating (non-GAAP) earnings of $0.62 per basic share of common stock.  

On a GAAP basis, the company reported first quarter 2016 net income of $328 million, or $0.78 per basic share of common stock ($0.77 diluted), on revenue of $3.9 billion.  In the first quarter of 2015, GAAP net income was $222 million, or $0.53 per basic and... More