RTTNews | Feb 18, 2021 09:57AM EST

09:56 Thursday, February 18, 2021 (RTTNews.com) - Shares of FirstEnergy Corp. (FE) are currently trading at $33.87, up $1.92 or 6.01%, with trading volume rising over 2.26 million versus an average volume of 5.61 million shares. The stock has been trading in the range of $22.85 - $52.20 for the past one year.

The company reported Q4 net income of $242 million or $0.45 per share on revenue of $2.5 billion compared to a loss of $111 million or $0.20 per share on revenue of $2.7 billion last year. Operating non-GAAP earnings for quarter were $0.32 per share versus $0.55 per share last year. Wall Street analysts expected earnings of $0.47 per share on revenue of $2.87 billion for the quarter.

FirstEnergy expects FY21 GAAP and operating non-GAAP earnings to be in the range of $1,305 million - $1,415 million, or $2.40 - $2.60 per share. For the first quarter of 2021, FirstEnergy expects GAAP and operating non-GAAP earnings in the range of $335 million - $390 million, or $0.62 - $0.72 per share. Analysts look for earnings of $2.53 per share for fiscal 2021, and $0.69 per share for the first quarter.

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