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FirstEnergy's Q2 loss attributed to plant deactivations; Church & Dwight, Snyder's-Lance also report earnings

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Ohio-based FirstEnergy Corp., which includes Metropolitan Edison Co. serving parts of the midstate, reported today a net loss for the second quarter of about $164 million, or 39 cents per diluted share, compared with net income of $188 million, or 45 cents per diluted share, in the year-ago period.

The loss in the most recently completed quarter was primarily because of plant deactivation costs, which reduced earnings by about 85 cents per share, according to the company.

Shares of FirstEnergy are traded on the New York Stock Exchange under the ticker symbol FE.

Also reporting quarterly earnings this morning was North Carolina-based snack food maker Snyder’s-Lance Inc. It reported today second-quarter net income attributable to the firm of nearly $13 million, or 19 cents per diluted share, compared with $19.3 million, or 28 cents per diluted share, in the year-ago quarter.

Excluding special items, net income for Snyder’s-Lance was $16.9 million, or 24 cents per diluted share, compared with about $15 million, or 22 cents per diluted share, in the year-ago period.

Shares of Snyder’s-Lance, a formation of North Carolina-based Lance Inc. and York County-based Snyder’s of Hanover, are traded on the Nasdaq under the ticker symbol LNCE.

Late last week, New Jersey-based Church & Dwight Co. Inc., with a major facility in York County, reported second-quarter net income of $86.6 million, or 61 cents per diluted share, compared with net income of $79.3 million, or 56 cents per diluted share in the year-ago period.

Shares of Church & Dwight are traded on the New York Stock Exchange under the ticker symbol CHD.

 

 

Brent Burkey

Brent Burkey

Brent Burkey covers York County, agribusiness, energy and environment, and workforce issues. Have a tip or question for him? Email him at brentb@cpbj.com. Follow him on Twitter, @brentburkey.

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