For the first six months of the year, our reported earnings were $1.39 per share, up from $1.13 per share in the first six months of 2011. Ongoing earnings were $1.21 a share for the first half of the year versus $1.26 per share in the same period a year ago.Our second quarter earnings from ongoing operations include $0.02 per share dilution from the common stock issued and April 2011 financed acquisition of the Midlands utilizes in the UK. For the first six months, dilution amounted to $0.13 per share. Strong results from our UK operations were a major drag from the improvement in both ongoing and reported earnings in the second quarter.
PPL's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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