FirstEnergy Corp. (FE) reported second-quarter earnings that declined compared to the same period last year, aligning with Wall Street projections.
The company posted a net income of $45 million, or $0.08 per share, down from $235 million, or $0.41 per share, in the second quarter of the previous year.
Exclusive of special items, FirstEnergy Corp.’s adjusted earnings stood at $0.56 per share for the quarter.
Analysts, on average, had forecasted earnings of $0.56 per share, according to Thomson Reuters, who typically exclude special items from their estimates.
Key financials for FirstEnergy Corp. (GAAP):
- Quarterly Earnings (Q2): $45 million, compared to $235 million last year.
- Earnings Per Share (EPS) (Q2): $0.08, down from $0.41 last year.
**Guidance:** For the upcoming quarter, the company has projected EPS to be between $2.61 and $2.81.
