Pepco Holdings Inc POM released its results for the first quarter on Friday.
The company's quarterly net income surged to $64 million, or $0.28 per share, from $36 million, or $0.16 per share, in the year-earlier period. The company's earnings from continuing operations jumped to $0.27 per share, from $0.13 per share. POM's operating revenue fell to $1.63 billion, from $1.82 billion. However, analysts were expecting earnings of $0.19 per share.
Pepco Holdings continues to project 2011 earnings of $1.10 to $1.25 per share, versus analysts' estimates of $1.20 per share.
POM shares gained 0.67% to $19.45 in pre-market trading.
Read more from Benzinga's Company news.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in