ALLENTOWN, Pa. (AP) _ PPL Corp. (PPL) on Thursday reported third-quarter net income of $445 million.
On a per-share basis, the Allentown, Pennsylvania-based company said it had net income of 62 cents. Earnings, adjusted for non-recurring gains, were 59 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The energy and utility holding company posted revenue of $1.87 billion in the period.
PPL expects full-year earnings in the range of $2.30 to $2.40 per share.
PPL shares have dropped 1 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1 percent.
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