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PPL beats 4Q profit forecasts

ALLENTOWN, Pa. (AP) _ PPL Corp. (PPL) on Wednesday reported fourth-quarter earnings of $465 million.

The Allentown, Pennsylvania-based company said it had net income of 68 cents per share. Earnings, adjusted for non-recurring gains, came to 60 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The energy and utility holding company posted revenue of $1.83 billion in the period.

For the year, the company reported profit of $1.9 billion, or $2.79 per share. Revenue was reported as $7.52 billion.

PPL expects full-year earnings to be $2.15 per share.

PPL shares have risen slightly more than 2 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 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


Keywords: PPL, Earnings Report