Categories Earnings, Energy

FirstEnergy Corp. (NYSE: FE): Q4 2019 Earnings Snapshot

— FirstEnergy Corp. (NYSE: FE) reported adjusted operating earnings of $0.55 per share for the fourth quarter of 2019, vs. $0.50 per share expected.

— On an unadjusted basis, FirstEnergy reported a net loss of $111 million or $0.20 per share, compared to a profit of $128 million or $0.25 per share in the fourth quarter of 2018

— Fourth-quarter revenues came in at $2.7 billion, broadly unchanged from the year-ago period, vs. $2.77 billion expected

— Distribution deliveries dropped 3.2% annually due to mild temperatures and lower commercial and industrial usage

— Residential sales declined 3.1%, reflecting a 7% drop in heating degree days compared to last year

— There was a 4.3% decrease in commercial deliveries; sales to industrial customers dropped 2.4%

— Expects full-year 2020 unadjusted earnings to be between $900 million and $1.41 billion, or $1.66 per share and $2.60 per share, which is unchanged from the prior guidance

— Reaffirms full-year operating earnings guidance in the range of $2.40 per share to $2.60 per share

— For the first quarter, expects the bottom-line to be in the range of a net loss of $75 million to earnings of $380 million (a loss of $0.14 per share to earnings of $0.70 per share), on an unadjusted basis

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Also Read:  How Shopify (SHOP) performed in Q2 2020

Most Popular

American International Group (AIG) Q2 earnings drop but top expectations

American International Group (NYSE: AIG)  Monday said its after-tax adjusted profit dropped sharply in the second quarter of 2020 but exceeded the consensus forecast. Adjusted after-tax income attributable to shareholders

A visual dashboard of Virgin Galactic (SPCE) Q2 earnings

A day after announcing a partnership with Rolls-Royce for the design and development of engine propulsion technology for its supersonic aircraft, Richard Branson-led Virgin Galactic (NYSE: SPCE) announced second-quarter results

Take-Two Interactive Software (TTWO) Earnings: Key financials from Q1 2021

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported first quarter 2021 earnings results today. Revenues increased 54% to $831.3 million. GAAP net income increased 91% to $88.5 million, or $0.77 per share. Net bookings

Tags

Top