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FirstEnergy's (FE) first-quarter earnings decrease year over year, while revenues increase. Total operating expenses increase during the same period.
While the top- and bottom-line numbers for FirstEnergy (FE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
FirstEnergy (FE) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.60 per share a year ago.
FirstEnergy's (FE) first-quarter results are expected to benefit from the operation of new solar site in WV, new distribution rates and the Energize365 program.
FirstEnergy's (FE) focus on infrastructure upgrades should further boost its service reliability and improve its overall performance.
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AKRON, Ohio , April 3, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the first quarter of 2024 after markets close on Thursday, April 25. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m.
FirstEnergy (FE) closes its previously announced deal to sell its additional 30% ownership interest in its FirstEnergy Transmission, LLC, which will help to further strengthen its financial results.
FirstEnergy (FE) continues to increase shareholders' value, as its board of directors approves a 6% quarterly dividend hike.
FirstEnergy's (FE) subsidiaries begin construction on their second utility-grade solar site in West Virginia. The idea is to help meet the state's energy needs and further encourage economic growth.