FirstEnergy Corp. Q2 Profit Increases, beats estimates

(RTTNews) - FirstEnergy Corp. (FE) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $235 million, or $0.41 per share. This compares with $187 million, or $0.33 per share, in last year's second quarter.

Excluding items, FirstEnergy Corp. reported adjusted earnings of $0.47 per share for the period.

Analysts on average had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

FirstEnergy Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $235 Mln. vs. $187 Mln. last year. -EPS (Q2): $0.41 vs. $0.33 last year. -Analyst Estimate: $0.45

-Guidance: Full year EPS guidance: $2.44 to $2.64