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PPL, Air Products report increased earnings

By , - Last modified: November 1, 2013 at 10:39 AM

Two of the Greater Lehigh Valley’s largest employers issued solid earnings reports.

PPL Corp. of Allentown reported third quarter earnings of $410 million, or 62 cents per share, as compared to $355 million, or 61 cents per share for the same quarter of 2012.

For the first nine months of 2013, earnings were $432 million, or 66 cents per share, compared to $419 million or 72 cents per share one year ago.

The earnings were negatively affected by a 6 cent per share noncash adjustment of deferred tax assets.

Air Products and Chemicals Inc. of Trexlertown reported net income diluted earnings per share from continuing operations were $150 million and 70 cents, respectively, for its fourth fiscal quarter.

For fiscal 2013, sales of $1.09 trillion increased 6 percent versus the prior year, with acquisitions contributing to the increase.

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Stacy Wescoe

Stacy Wescoe

Writer and online editor Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at stacyw@lvb.com or 610-807-9619, ext. 4104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

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