Pepco Holdings Q2 Profit Down - Quick Facts

(RTTNews) - Electric utility Pepco Holdings Inc. (POM) posted lower second-quarter net income of $42 million, or $0.17 a share, compared with $62 million, or $0.27 a share, last year. On a non-GAAP basis, adjusted net income from continuing operations totaled $53 million, or $0.22 per share for the period. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.23 for the quarter. Analysts' estimates typically exclude one-time items.

Total operating revenue for the quarter was $1.05 billion, down compared with $1.07 billion a year earlier. Two analysts estimated revenues of $1.22 billion for the quarter.