FirstEnergy (NYSE:FE) announced that it lost $148 million during the most recent quarter due to costs related to pension adjustments. The company lost 35 cents per share versus a profit of $99 million, or 23 cents per share, in the same quarter last year. Excluding items, the company earned 80 cents per share. Revenue fell by 10 percent to $3.5 billion. Adjusted profit met expectations, though revenue was below estimates. Analysts had expected a profit of 80 cents per share on $4.85 billion in revenue.
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