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PPL: 1Q Earnings Snapshot

ALLENTOWN, Pa. (AP) _ PPL Corp. (PPL) on Thursday reported first-quarter earnings of $466 million.

The Allentown, Pennsylvania-based company said it had net income of 64 cents per share. Earnings, adjusted for non-recurring costs, came to 70 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The energy and utility holding company posted revenue of $2.08 billion in the period.

PPL expects full-year earnings in the range of $2.30 to $2.50 per share.

PPL shares have climbed almost 10% since the beginning of the year, while the Standard & Poor's 500 index has risen 17%.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPL at https://www.zacks.com/ap/PPL