Lehigh Valley

PPL releases first quarter 2017 earnings, down from 2016

ALLENTOWN, Pa. - The PPL Corporation announced its first quarter 2017 reported earnings Thursday. 

The reported earnings were $403 million or $0.59 per share, a decrease from its first quarter 2016 reported earnings of $481 million or $0.71 per share, according to a press release from PPL.

According to PPL, with the effect of special items recorded through the first quarter, the company's forecast range for 2017 reported earnings is $2.02 to $2.22 per share. PPL' says it's forecast range for earnings from ongoing operations is $2.05 to $2.25 per share, with a midpoint of $2.15 per share.

PPL said it continues to expect five to six percent compound annual earnings growth per share from 2017 through 2020.

The company will also continue to target dividend growth of four percent a year through 2020, according to the release. 

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