DPL Earnings Jump
DPL(DPL Quote) said its third-quarter earnings almost doubled from a year ago.
The Dayton, Ohio-based utility company earned $50.8 million, or 43 cents a share, in the quarter, compared with $25.9 million, or 20 cents a share, a year ago. Earnings from continued operations were $47.4 million, or 40 cents a share, compared with $25.7 million, or 20 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting the company to earn 41 cents a share.
Third-quarter revenue rose 9.8% from a year ago to $392.5 million. The increase in revenue from higher average rates for retail sales and greater wholesale sales volume was partially offset by lower retail sales volume, lower average rates for wholesale sales and lower ancillary revenues associated with participation in a regional transmission organization. ...
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