Electricity company Evergy, Inc. (NASDAQ: EVRG) announced financial results for the first quarter of 2024, reporting lower profit despite an increase in revenues.
- First-quarter 2024 earnings, on a reported basis, decreased to $0.53 per share from $0.62 per share in the year-ago quarter
- Adjusted earnings, excluding special items, was $0.54 per share in Q1, compared to $0.59 per share last year
- March-quarter net income was $122.7 million, compared to $142.6 million in the same period last year
- Total revenue increased 2.6% to $1.33 billion in Q1 from $1.30 billion in the year-ago quarter
- The board declared a quarterly dividend of $0.6425 per share, payable on June 20, 2024, to shareholders of record as of May 20
- The company reaffirmed its fiscal 2024 earnings and adjusted earnings guidance in the range of $3.73 per share to $3.93 per share
- Evergy also confirmed its long-term adjusted EPS annual growth target of 4% to 6% through 2026, off the original $3.65 midpoint of the 2023 guidance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
