ALLENTOWN, Pa. (AP) _ PPL Corp. (PPL) on Thursday reported third-quarter earnings of $281 million.
On a per-share basis, the Allentown, Pennsylvania-based company said it had profit of 37 cents. Earnings, adjusted for non-recurring costs, came to 58 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The energy and utility holding company posted revenue of $1.89 billion in the period.
PPL expects full-year earnings in the range of $2.40 to $2.50 per share.
PPL shares have dropped 22% since the beginning of the year, while the Standard & Poor's 500 index has increased almost 7%.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPL at https://www.zacks.com/ap/PPL
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