FirstEnergy (FE) Q4 Earnings Surpass Estimates, Revenues Lag

FirstEnergy (FE) reported fourth-quarter 2023 operating earnings of 62 cents per share, which surpassed the Zacks Consensus Estimate of 60 cents by 3.3%. The bottom line increased 24% from the year-ago quarter’s figure of 50 cents.FE reported earnings of $2.56 for 2023 compared with$2.41 per share in 2022, which reflects a year-over-year increase of 6.2%.Total RevenuesOperating revenues of $3.15 billion missed the Zacks Consensus Estimate of$3.29 billion by 4.2%. The top line also declined by 0.9% from $3 ...