PPL Corp gains on Q3 profit beat
06/11/2026 13:34
BUZZ-PPL Corp gains on Q3 profit beat ** Shares of utility firm PPL Corp PPL.N rise 3.2% to $31.17 premarket
** Co beats Q3 adjusted profit helped by higher power demand
** Posts Q3 adjusted profit of 54 cents per share compared to analysts' estimate of 46 cents per share-data compiled by LSEG
** PPL raises capital plan for 2027-2030 to $25 billion, $2 billion higher than its prior 2026-2029 plan
** Co says plan will drive average annual rate base growth of 10% from 2026-2030
** PPL also raises annual EPS growth target to 7% to 9% through 2030 compared to a prior view of 6% to 8%
** Including session's moves, shares up 2.8% YTD
(Reporting by Katha Kalia in Bengaluru)