FirstEnergy Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - FirstEnergy Corp. (FE) reported earnings for second quarter that dropped from the same period last year.

The company's profit totaled $58 million, or $0.11 per share. This compares with $309 million, or $0.57 per share, in last year's second quarter.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.0% to $2.6 billion from $2.5 billion last year.

FirstEnergy Corp. earnings at a glance:

-EPS (Q2): $0.59 vs. $0.57 last year. -Analysts Estimate: $0.58 -Revenue (Q2): $2.6 Bln vs. $2.5 Bln last year.

-Guidance: Next quarter EPS guidance: $0.70 - $0.80 Full year EPS guidance: $2.40 - $2.60