Pepco Holdings Q2 Profit Misses Estimates - Quick Facts

(RTTNews) - Pepco Holdings, Inc. (POM) reported second quarter net income of $53 million or $0.21 per share, flat with a year ago. Adjusted earnings were $57 million, or $0.23 per share compared to $71 million, or $0.28 per share for the same period in 2014. Pepco said the primary drivers of the decrease in adjusted net income were higher operation and maintenance expense and higher depreciation expense from increased plant investment.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Operating revenue increased to $1.14 billion from $1.12 billion, a year ago. Analysts expected revenue of $1.26 billion for the quarter.