Pepco Holdings Q1 Profit Declines, Revenue Rises - Quick Facts

(RTTNews) - Electric and natural gas utility company Pepco Holdings, Inc. (POM) posted first-quarter net income of $53 million, or $0.21 per share, compared to last year's $75 million, or $0.30 per share.

Excluding items, adjusted earnings were $61 million, or $0.24 per share for the quarter, down from $75 million or $0.30 per share in the comparable quarter last year. On average, 4 analysts polled by Thomson Reuters expected the company to earn $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenue for the quarter increased year-on-year to $1.37 billion from $1.33 billion.