Investing.com - FirstEnergy reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
FirstEnergy announced earnings per share of $0.82 on revenue of $3.1B. Analysts polled by Investing.com anticipated EPS of $0.7903 on revenue of $3.04B.
FirstEnergy shares are up 14% from the beginning of the year and are trading at $38.50 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 22.42% from the start of the year.
FirstEnergy shares gained 1.58% in after-hours trade the report.
FirstEnergy follows other major Utilities sector earnings this month
FirstEnergy's report follows an earnings beat by NextEra Energy on October 20, who reported EPS of $0.75 on revenue of $4.37B, compared to forecasts EPS of $0.716 on revenue of $5.44B.
American Electric Power had missed expectations on Thursday with third quarter EPS of $1.43 on revenue of $4.6B, compared to forecast for EPS of $1.46 on revenue of $4.31B.
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