FirstEnergy Corp. Q3 Profit Increases, Beats Estimates

(RTTNews) - FirstEnergy Corp. (FE) released earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings came in at $441 million, or $0.76 per share. This compares with $419 million, or $0.73 per share, last year.

Excluding items, FirstEnergy Corp. reported adjusted earnings of $0.83 per share for the period.

Analysts on average had expected the company to earn $0.77 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.8% to $4.1 billion from $3.7 billion last year.

FirstEnergy Corp. earnings at a glance (GAAP) :

-Earnings: $441 Mln. vs. $419 Mln. last year. -EPS: $0.76 vs. $0.73 last year. -Revenue: $4.1 Bln vs. $3.7 Bln last year.

-Guidance: Full year EPS guidance: $2.50 - $2.56