PPL Corp. (PPL) Tops Q2 EPS by 3c, Offers FY16 & FY17 Guidance

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Go back to PPL Corp. (PPL) Tops Q2 EPS by 3c, Offers FY16 & FY17 Guidance

PPL Corporation Reports Second-Quarter Earnings

August 9, 2016 7:00 AM EDT

ALLENTOWN, Pa., Aug. 9, 2016 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Tuesday (8/9) announced second-quarter 2016 reported earnings (GAAP) of $483 million, or $0.71 per share, compared with a second-quarter 2015 loss of $757 million, or $1.13 per share. Second-quarter 2015 results reflected a $1 billion loss, or $1.50 per share, from discontinued operations associated with the June 1, 2015 spinoff of PPL's competitive supply business.

Reported earnings for the first six months of 2016 were $964 million, or $1.41 per share. This compares with a loss of $110 million, or $0.17 per share, for the first six months of 2015, which included a loss from discontinued operations of $912 million, or $1.36... More