PPL backs 2018 EPS guidance ahead of analyst meetings
PPL Corp. said Thursday it is still expecting its 2018 per-share earnings to range from $2.43 to $2.53. The utility said it is also still expecting adjusted EPS to range from $2.30 to $2.40, compared with a FactSet consensus of $2.35. The company said it still expects compound annual growth of 5% to 6% through 2020, based on its original adjusted EPS forecast midpoint of $2.30 a share. PPL made the disclosures ahead of analyst meetings that will start today and continue through Jan. 16. Shares were not yet active premarket, but have fallen 5% in the last 12 months, while the S&P 500 has fallen 5.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.