PPL Clocks 7% Revenue Growth In Q2; Falls Short Of Profit Estimates Hit By Mild Weather, Increased Storm Activity
Portfolio Pulse from Akanksha Bakshi
PPL Corporation reported Q2 FY23 operating revenue growth of 7.5% YoY to $1.82 billion, beating consensus estimates. However, adjusted EPS of $0.29 missed the consensus of $0.32. Electricity sales dropped by 7.4% YoY. The company reaffirmed its FY23 earnings per share outlook of $1.50-$1.65. PPL shares are trading lower by 0.45% at $26.51.
August 04, 2023 | 5:02 pm
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PPL Corporation's Q2 revenue exceeded expectations, but EPS missed estimates. The company reaffirmed its FY23 outlook, but shares are trading lower.
PPL Corporation's Q2 results were mixed, with revenue beating estimates but EPS falling short. This could lead to short-term negative sentiment among investors, reflected in the slight drop in the company's share price. The reaffirmed FY23 outlook indicates the company's confidence in its future performance, which could potentially offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100