PPL Corporation reported a decrease in earnings for the fourth quarter compared to the same quarter last year, yet it managed to surpass Wall Street predictions. The company posted earnings of $113 million, equating to $0.15 per share, a drop from the previous year's fourth quarter which saw $190 million, or $0.26 per share.
When considering special items, the corporation reported an adjusted revenue of $299 million, or $0.40 per share for the quarter. According to the average analyst estimates collated by Thomson Reuters, it was anticipated that the company would achieve $0.38 per share. These estimates typically discard special items.
On the revenue front, the company's quarterly earnings fell by 2.9% to $2.03 billion, down from $2.09 billion the previous year.
A glance at PPL Corporation's earnings (as per Generally Accepted Accounting Principles - GAAP) shows:
- Earnings for Q4: $113 million, compared to $190 million of the previous year.
- Earnings Per Share for Q4: $0.15, a decrease from the previous year's $0.26.
- Analyst Estimates stood at $0.38.
- Revenue for Q4: $2.03 billion, a drop from $2.09 billion the previous year.
