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FirstEnergy Corp. Message Board

  • bluecheese4u bluecheese4u May 7, 2009 10:51 PM Flag

    FIRSTENERGY REPORTS FIRST QUARTER 2009 EARNINGS

    FIRSTENERGY REPORTS FIRST QUARTER 2009 EARNINGS
    AKRON, OH – FirstEnergy Corp. (NYSE: FE) today reported first quarter 2009
    results that reflect the company’s strong financial and operational performance, despite
    very challenging economic conditions.
    First quarter 2009 basic earnings per share were $1.02 ($1.01 diluted) on a non-
    GAAP(*) basis. These results exclude the impact of regulatory charges associated with
    implementing the Ohio Electric Security Plan, and other special items, described below.
    This compares to first quarter 2008 non-GAAP basic earnings per share of $0.88 ($0.87
    diluted).
    On a GAAP basis, first quarter net income was $115 million, or basic and diluted
    earnings of $0.39 per share of common stock, on revenue of $3.33 billion. First quarter
    2008 net income was $277 million, or basic earnings of $0.91 per share of common stock
    ($0.90 diluted), on revenue of $3.28 billion.

    http://www.firstenergycorp.com/NewsReleases/2009-05-05%201Q%20Earnings.pdf

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