FirstEnergy falls after lower-than-expected 2025 profit forecast

FirstEnergy

27/02/2025 15:46

** 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

 (Reporting by Seher Dareen in Bengaluru)

 ((Seher.Dareen@thomsonreuters.com;))