US Stock Market Move | Q4 performance below expectations, FirstEnergy Corp. (FE.US) drops more than 8%

On Thursday, FirstEnergy Corp. (FE.US) fell more than 8% to $39.24. On the news front, the company reported earnings per share of $0.61 for the fourth quarter of 2024 under non-GAAP accounting standards, higher than the $0.52 for the same period last year, while analysts surveyed by FactSet had predicted $0.71. For the three months ending on December 31st, revenue was $3.2 billion, flat compared to the same period last year, while analysts surveyed by FactSet had predicted $3.4 billion.