26.10.2023 23:12:56 - dpa-AFX: FirstEnergy Corp. Q3 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - FirstEnergy Corp. (FE) released earnings for its
third quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $421 million, or $0.74 per share. This
compares with $334 million, or $0.58 per share, in last year's third quarter.

Excluding items, FirstEnergy Corp. reported adjusted earnings of $0.88 per share
for the period.

Analysts on average had expected the company to earn $0.86 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

Revenue came in at $3.5 billion, equal to the mark posted in the same period
last year.

FirstEnergy Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $421 Mln. vs. $334 Mln. last year.
-EPS (Q3): $0.74 vs. $0.58 last year.
-Analyst Estimate: $0.86
-Revenue (Q3): $3.5 Bln vs. $3.5 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.55 to $0.65
Full year EPS guidance: $2.49 to $2.59


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
FIRSTENERGY DL 10 910509 Frankfurt 35,800 24.05.24 08:15:30 -0,800 -2,19% 0,000 0,000 35,800 35,800

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