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. 


DISCLAIMER FOR COMMENTS: The views expressed by public comments are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE  and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts or posts containing offsite links may be removed by the moderator.

This Week's Circulars

WEATHER ALERT

Lehigh Valley News

Latest From The Newsroom