PPL Corp. (PPL) Misses Q1 EPS by 4c, Revenues Miss; Maintains FY20 EPS Guidance
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PPL Corporation Reports First-Quarter 2020 Earnings
May 8, 2020 8:00 AM EDTALLENTOWN, Pa., May 8, 2020 /PRNewswire/ --Â PPL Corporation (NYSE: PPL) on Friday (5/8) announced first-quarter 2020 reported earnings (GAAP) of $554 million, or $0.72 per share, compared with first-quarter 2019 reported earnings of $466 million, or $0.64 per share.
Adjusting for special items, first-quarter 2020 earnings from ongoing operations (non-GAAP) were $514 million, or $0.67 per share, compared to $508 million, or $0.70 per share, a year ago. The decrease was driven largely by share dilution and lower sales volumes primarily due to weather in the U.S., partially offset by additional returns on the company's capital investments and other... More
