BUZZ-FirstEnergy falls after lower-than-expected 2025 profit forecast
ReutersFeb 27, 2025 3:46 PM
U.S. power provider FirstEnergy's FE.N shares fall 8.9% to $39.34, lowest in more than a week
The company reported adjusted earnings of 61 cents per share versus estimate of 70 cents per share, according to data compiled by LSEG, after market close on Wednesday
It expects current-year profit between $2.4 per share and $2.6 per share, below analysts' estimate of $2.89 per share
Company executives said in a conference call that they would address issues around an Ohio rate case audit in 30 days
Stock down 1.4% YTD
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