FirstEnergy (FE) Q1 Earnings Beat Estimates, Revenues Lag

FirstEnergy (FE) reported first-quarter 2024 operating earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 53 cents by 3.8%. However, the bottom line decreased 8.3% from the year-ago quarter’s figure of 60 cents.Total RevenuesOperating revenues of $3.29 billion missed the Zacks Consensus Estimate of $3.36 billion by 2.04%. The top line, however, increased 1.8% from $3.23 billion recorded in the year-ago quarter. Segmental PerformanceDistribution: Earnings from this segment totale ...