May 2, 2011
FirstEnergy (NYSE:FE) reported Q1 EPS of $0.69, ex-items, missing consensus estimates of $0.74 per share.
The company sees 2011 EPS of $3.20 to $3.50, vs. consensus estimates of $3.20 per share.
FirstEnergy President and Chief Executive Officer Anthony J. Alexander said, "With the February closing of our merger with Allegheny Energy behind us, we are already making significant progress in realizing its benefits, and we now expect the merger to be accretive to earnings in 2011. Our first quarter results are in line with our expectations for the year."
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