FirstEnergy Q2 Profit Tops Estimates; Reaffirms 2015 Earnings Guidance

(RTTNews) - FirstEnergy Corp. (FE) reported second quarter earnings of $187 million, or $0.44 per share compared to $64 million, or $0.15 per share, last year. Operating earnings was $0.53 per basic share of common stock.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $3.5 billion, flat with prior year. Analysts expected revenue of $3.32 billion for the quarter.

FirstEnergy also reaffirmed its full-year 2015 operating earnings guidance of $2.40 to $2.70 per basic share. Analysts expect the company to report earnings per share of $2.59. The company provided a third quarter 2015 operating earnings guidance range of $0.82 to $0.92 per basic share. Analysts expect the company to report earnings per share of $0.92.