PPL Corp. (PPL) Misses Q3 EPS by 3c, Revenues Miss; Lowers FY20 EPS Mid-Point Guidance

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PPL Corporation Reports Third-Quarter 2020 Earnings

November 5, 2020 8:00 AM EST

ALLENTOWN, Pa., Nov. 5, 2020 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Thursday (11/5) announced third-quarter 2020 reported earnings (GAAP) of $281 million, or $0.37 per share, compared with third-quarter 2019 reported earnings of $475 million, or $0.65 per share.

Reported earnings for the first nine months of 2020 were $1.18 billion, or $1.53 per share, compared with $1.38 billion, or $1.89 per share, for the first nine months of 2019.

Adjusting for special items, third-quarter 2020 earnings from ongoing operations (non-GAAP) were $450 million, or $0.58 per share, compared to $445 million, or $0.61 per share, a year ago.

Earnings from ongoing operations for the first nine months of... More