PPL Corp. (PPL) Tops Q1 EPS by 1c; Guides In-Line

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PPL Corporation Reports First-Quarter Earnings

May 4, 2017 7:15 AM EDT

ALLENTOWN, Pa., May 4, 2017 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Thursday (5/4) announced first-quarter 2017 reported earnings (GAAP) of $403 million, or $0.59 per share, a decrease from first-quarter 2016 reported earnings of $481 million, or $0.71 per share.

Adjusting for special items, first-quarter 2017 earnings from ongoing operations (non-GAAP) were $425 million, or $0.62 per share, compared with $458 million, or $0.67 per share, a year ago. This decrease was driven primarily by expected lower foreign currency exchange rates and unfavorable weather in Kentucky, partially offset by the effect of the April 1, 2016 price increase in the U.K.... More