25.04.2024 23:04:27 - dpa-AFX: FirstEnergy Corp. Q1 Profit Decreases, misses estimates

WASHINGTON (dpa-AFX) - FirstEnergy Corp. (FE) released earnings for first
quarter that decreased from the same period last year and missed the Street
estimates.

The company's earnings totaled $253 million, or $0.44 per share. This compares
with $292 million, or $0.51 per share, in last year's first quarter.

Excluding items, FirstEnergy Corp. reported adjusted earnings of $0.55 per share
for the period.

Analysts on average had expected the company to earn $0.56 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 3.1% to $3.3 billion from $3.2
billion last year.

FirstEnergy Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $253 Mln. vs. $292 Mln. last year.
-EPS (Q1): $0.44 vs. $0.51 last year.
-Revenue (Q1): $3.3 Bln vs. $3.2 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.50-$0.60


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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 36,600 10.05.24 08:05:41 +0,200 +0,55% 0,000 0,000 36,600 36,600

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