ADVFN - Advanced Financial Network.
HOME» NYSE » P » PPL Stock Price » PPL Stock News

Ppl Share News

 Ppl Corp Stock Price
PPL Stock Price
 Ppl Corp Stock Chart
PPL Stock Chart
 Ppl Corp Stock News
PPL Stock News
 Ppl Corp Company Information
PPL Company Information
 Ppl Corp Stock Trades
PPL Stock Trades

PPL 1Q Profit Up 64% On Prior-Year Charges, Higher Margins

DOW JONES NEWSWIRES PPL Corp.'s (PPL) first-quarter profit jumped 64% on higher prior-year unusual items, while adjusted earnings easily topped analysts' expectations although revenue declined more than expected. The operator of utilities and power plants used the proceeds from the sale of interests in a few power plants to funds its acquisition of two Kentucky utilities owned by the German holding company E.ON AG (EONGY, EOAN.XE). The deal, which closed last year, helped PPL increase its exposure to regulated power markets. PPL posted a profit of $410 million, or 82 cents a share, up from $250 million, or 66 cents a share, a year earlier. Excluding litigation expenses and other impacts, earnings from ongoing operations fell to 84 cents from 94 cents. Revenue slid 3.2% to $2.91 billion. Analysts polled by Thomson Reuters expected a profit of 73 cents on revenue of $2.97 billion. Operating margin increased to 27.7% from 15.8%. Shares of PPL, which reaffirmed its full-year earnings outlook, closed Wednesday at $27.56 and were inactive premarket. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Ppl (PPL)
DateTimeHeadline
06/24/201609:08:00Utility Company PPL Reaffirms Guidance After Surprise Brexit...
06/24/201608:31:24Current Report Filing (8-k)
06/24/201608:22:34Statement of Changes in Beneficial Ownership (4)
06/24/201607:14:00PPL Corporation Responds to U.K. referendum on Membership in...
06/20/201615:33:21Statement of Changes in Beneficial Ownership (4)
06/20/201614:44:14Statement of Changes in Beneficial Ownership (4)
06/20/201612:44:22Statement of Changes in Beneficial Ownership (4)
06/17/201614:51:33Current Report Filing (8-k)
06/17/201608:15:00Utilities Sector Stocks Technical Coverage -- PPL Corp., CenterPoint...
06/15/201613:33:00Annual Report of Employee Stock Plans (11-k)
06/03/201609:15:13Statement of Changes in Beneficial Ownership (4)
06/03/201608:50:00Riverstone Holdings to Buy Talen Energy
06/03/201608:40:00Riverstone Holdings to Buy Talen Energy for $1.2 Billion
06/01/201607:47:13Current Report Filing (8-k)
05/26/201615:29:27Current Report Filing (8-k)
05/26/201615:00:42Current Report Filing (8-k)
05/25/201618:00:00Successful Amendment To The Coal Sales Contract To Deliver Coal...
05/25/201613:16:00PPL to Pay Quarterly Stock Dividend July 1
05/25/201612:28:00PPL Chairman Says Company Investing in the Future, Well-Positioned...
05/17/201612:00:26Current Report Filing (8-k)

Ppl and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad