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Eastern Insurance, PPL, Select Medical Q1 earnings grow

First-quarter earnings grew substantially for Eastern Insurance Holding Inc., PPL Corp. and Select Medical Holdings Corp., while YRC Worldwide Inc. continued narrowing its quarterly losses, according to the companies with midstate presence.

Lancaster-based Eastern Insurance had net income of $2.9 million for the quarter that ended March 31, a 55 percent increase from a year ago, the company said.

Earnings per diluted share were 37 cents, beating analyst estimates of 18 cents, according to Yahoo Finance. The first quarter result is nearly identical to that of its fourth quarter.

Eastern’s shares are traded on the Nasdaq under the ticker symbol EIHI.

. . .
Allentown-based electric generation and supply company PPL, which has generating facilities and customers in the midstate, posted first-quarter income of $545 million, a 35 percent increase from a year ago.

Earnings per share were 93 cents, beating analyst estimates of 66 cents, according to Yahoo Finance.

PPL trades its shares on the New York Stock Exchange under the ticker symbol PPL.

. . .
Cumberland County-based acute care hospital operator Select Medical posted net income of nearly $42.6 million, a 20 percent increase from the year-ago quarter.

Diluted earnings per share were 29 cents for the quarter, slightly better than analyst estimates of 25 cents, according to Yahoo Finance.

Lower Allen Township-based Select Medical operates 111 hospitals and 12 rehabilitation hospitals, along with 954 outpatient rehabilitation clinics.

The company trades shares of its stock on the NYSE under the ticker symbol SEM.

. . .
YRC Worldwide, a Kansas-based conglomerate with midstate operations, continues to reduce its losses after years of restructuring, executive changes, sales and cuts.

The company’s first-quarter net loss was $85.5 million, compared with a loss of $102.2 million a year ago, the company said.

Loss per diluted share was $12.40. Analysts had estimated a loss of $10.42, according to Yahoo Finance.

YRC, the parent of Lebanon-based New Penn Motor Express Inc., trades its shares on the Nasdaq under the ticker symbol YRCW.

Jim T. Ryan

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