PPL's Q3 Earnings Miss Estimates, Revenues Decrease Y/Y

PPL NEE NI PNM

PPL Corporation (PPL - Free Report) reported third-quarter 2023 operating earnings per share (EPS) of 43 cents, which missed the Zacks Consensus Estimate of 45 cents by 4.4%. The bottom line increased 4.9% from the year-ago quarter’s figure of 41 cents.

On a GAAP basis, PPL recorded EPS of 31 cents compared with 24 cents in the year-ago quarter.

Revenues

Total revenues of $2,043 million missed the Zacks Consensus Estimate of $2,196 million by 7%. The top line also declined 4.2% from the year-ago quarter’s recorded figure of $2,134 million.

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