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PPL meets 1Q profit forecasts

ALLENTOWN, Pa. (AP) _ PPL Corp. (PPL) on Thursday reported first-quarter earnings of $403 million.

The Allentown, Pennsylvania-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring costs, were 62 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 62 cents per share.

The energy and utility holding company posted revenue of $1.95 billion in the period.

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

PPL shares have climbed 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 7 percent.

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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

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Keywords: PPL, Earnings Report