Pepco Holdings Q2 Earnings Rise; Confirms FY14 EPS Outlook

(RTTNews) - Pepco Holdings, Inc. (POM) Friday reported a rise in its second-quarter net earnings to $53 million or $0.21 per share from $42 million or $0.17 per share a year ago.

Net income from continuing operations was flat at $53 million or $0.21 per share. On an adjusted basis, it totaled $71 million or $0.28 per share. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenue rose to $1.11 billion from $1.05 billion last year, whereas analysts had consensus estimate of $1.03 billion.

The company backed its full-year earnings guidance, which ranges between $1.12 and $1.27 per share. Analysts forecast earnings per share of $1.22.