FirstEnergy Corp.'s sales in the second quarter were the same as a year ago, but profits jumped.
FirstEnergy Corp. which has the naming rights to the Cleveland Browns' stadium, is making more money this year, after turning away from "wild west" competitive operations and concentrating on its regulated business such at The Illuminating Co. Business name: FirstEnergy Corp.
Business summary: FirstEnergy is a diversified energy company with 10 regulated local companies serving 6 million customers from Ohio to New Jersey.
Location: Akron, Ohio
Share price now: $32.96 (NYSE) at 4 p.m. closing
Previous close: $32.61
Revenue for the quarter ending June 30: $3.5 billion
Net income: $187 million
Per share: 44 cents
Revenue same period year ago: $3.5 billion.
Net income: $64 million
Per share: 16 cents
Change: 190 percent
What you need to know: FirstEnergy had a better second quarter than it expected to today and reaffirmed its past projections that for the year its net profits will be as much as $3.70 per share. Total second-quarter power deliveries to homes and businesses decreased less than 1 percent compared to the second quarter of 2014, said the company. Commercial deliveries increased 1 percent. Chuck Jones, CEO, and other top executives will talk to analysts at 10 a.m. Friday. The discussion will be webcast live on the company's website.