Aug 5, 2011
PPL Corporation (NYSE:PPL) reported Q2 adjusted EPS of $0.45 in line with analyst estimates. Revenues for the quarter were $2.49 billion, better than consensus estimates of $2.26 billion.
James H. Miller, PPL's chairman and chief executive officer said, "We're on track to achieve our forecasted 2011 earnings from ongoing operations despite extended unplanned outages to replace turbine blades at both of our Susquehanna nuclear units. We expect to mitigate the impact of the Susquehanna outages with strong performance from our U.K. business and positive results in other aspects of our competitive supply business."
PPL (NYSE:PPL) has a potential upside of 13.3% based on a current price of $26.53 and an average consensus analyst price target of $30.06.
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