Pepco Holdings Inc. Q3 Profit Retreats 28%

(RTTNews) - Pepco Holdings Inc. (POM) released earnings for third quarter that declined compared to the same period last year.

The company said its bottom line fell to $83 million, or $0.33 per share. This was down from $116 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.8% to $1.36 billion. This was up from $1.31 billion last year.

Pepco Holdings Inc. earnings at a glance:

-Earnings (Q3): $83 Mln. vs. $116 Mln. last year. -Earnings Decline (Y-o-Y): -28.4% -EPS (Q3): $0.33 vs. $0.46 last year. -EPS Decline (Y-o-Y): -28.3% -Analysts Estimate: $0.44 -Revenue (Q3): $1.36 Bln vs. $1.31 Bln last year. -Revenue Change (Y-o-Y): 3.8%