PPL, Air Products report increased earnings

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

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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.

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. 104. Follow her on Twitter at @morestacy and on Facebook. Circle Stacy Wescoe on .

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