PPL Q3 Adj. EPS $0.43 Misses $0.44 Estimate, Sales $2.04B Beat $1.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
PPL Corporation reported Q3 earnings of $0.43 per share, missing the analyst consensus estimate of $0.44 by 2.27%. However, the company's quarterly sales of $2.04 billion beat the analyst consensus estimate of $1.74 billion by 17.24%. Compared to the same period last year, earnings increased by 4.88% while sales decreased by 4.40%.
November 02, 2023 | 12:43 pm
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PPL's Q3 earnings per share missed estimates, but sales beat expectations. Earnings increased year-over-year, while sales decreased.
PPL's mixed Q3 results, with a miss on earnings but a beat on sales, could lead to neutral short-term price movement. The year-over-year increase in earnings is positive, but the decrease in sales could be a concern for investors.
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