Q: Thoughts on latest quarter. thanks
5i Research Answer:
PPL reported EBITDA of $1.03 bln, in-line with expectations. Sales of $1.79 bln missed estimates of $1.95 bln. They narrowed their EBITDA expectations for the year but the high end of the range came down a bit. Overall the results looked fine and at 17X forward earnings with a 5.5% yield, expectations weren't too high on the name to begin with.