PPL Corporation Q4 adjusted earnings Miss Estimates

(RTTNews) - PPL Corporation (PPL) reported a profit for fourth quarter that declined from last year.

The company's bottom line totaled $290 million, or $0.38 per share. This compares with $364 million, or $0.48 per share, in last year's fourth quarter.

Excluding items, PPL Corporation reported adjusted earnings of $456 million or $0.59 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.0% to $1.93 billion from $1.95 billion last year.