PPL edges lower after narrow EPS miss, guidance reaffirmed
+2.43% to $35.46 from $34.62
What moved PPL
- Second-quarter ongoing earnings of $0.33 per share missed the $0.35 estimate, and revenue of $2.11 billion fell short of the $2.21 billion consensus.
- GAAP earnings rose to $230 million, or $0.30 per share, from $183 million, or $0.25 per share, a year earlier.
- PPL reaffirmed its 2026 ongoing earnings guidance range of $1.90-$1.98 per share and its 6%-8% annual EPS growth target through at least 2029.
Sources: GuruFocus · PR Newswire