FirstEnergy Reports Q4 Loss

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FirstEnergy has reported its Q4 and 2012 results, showing that for the quarter, the company brought in revenue of $3.5 billion, a decline from the $3.9 billion in the same period the previous year. The GAAP bottom line swung to a loss of $148 million ($0.35 per diluted share), against a $99 million ($0.23) profit in Q4 2011.

The annual figures also saw declines. Revenue for fiscal 2012 was just under $8.9 billion, a 9% year-over-year drop from 2011's $9.7 billion. Net profit slipped by 11% over that same time frame to land at $771 million ($1.84 diluted EPS), from the previous year's $885 million ($2.21). Those EPS figures on a non-GAAP, non-diluted basis were $3.64 and $3.34, respectively.

For fiscal 2013, the company reaffirmed its non-GAAP EPS guidance of $2.85-$3.15 per share.


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The article FirstEnergy Reports Q4 Loss originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in FirstEnergy. The Motley Fool has no position in FirstEnergy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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