PPL Corporation PPL reported third-quarter 2020 adjusted earnings per share of 58 cents, which missed the Zacks Consensus Estimate of 61 cents by 4.9%.The bottom line also declined 4.9% year over year. The results were impacted by lower sales volumes stemming from the ongoing pandemic and milder weather in its service territories, which in turn adversely impacted demand.On a GAAP basis, the company generated earnings per share of 37 cents compared with 65 cents in the year-ago quarter.Total RevenuesPPL Corp. posted revenues of $1,885 million for the third quarter, which dipped 2.5% year over year.Evergy Inc. Price, Consensus and EPS Surprise Evergy Inc. price-consensus-eps-surprise-chart | Evergy Inc. QuoteOperational HighlightsPPL Corp.’s total operating expenses fell 0.7% year over year to $1,198 million for the reported quarter.The company reported operating income of $687 million, down 5.4% from $726 million in the prior-year quarter.Interest expenses were down 3.9% to $249 million from the year-ago quarter’s $259 million.Segment ResultsU.K. Regulated: Adjusted earnings fell 78.1% from the prior-year quarter to 7 cents per share.Kentucky Regulated: Adjusted earnings were 17 cents per share, down 15% from the year-ago figure. Pennsylvania Regulated: Adjusted earnings increased 6.3% from the prior-year number to 17 cents per share.Corporate and Other: The segment reported a loss of 4 cents for the quarter, wider than a loss of 3 cents in the prior-year quarter.Financial PositionAs of Sep 30, 2020, the company had cash and cash equivalents of $746 million compared with $815 million on Dec 31, 2019.Long-term debt (excluding debts due within a year) was $21,243 million as of Sep 30 compared with $20,721 million at 2019-end.Net cash provided by operating activities at the end of the first nine months of 2020 was $2,247 million compared with $1,888 million in the corresponding period of 2019.GuidancePPL Corp. narrowed its guidance for 2020 earnings per share to the range of $2.40-$2.50 from $2.40-$2.60, with a midpoint of $2.45, which is higher than the Zacks Consensus Estimate of $2.42.Zacks RankCurrently, PPL Corp. carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Utility ReleasesWEC Energy Group WEC recorded third-quarter 2020 earnings per share of 84 cents, which beat the Zacks Consensus Estimate of 76 cents by 10.5%.Xcel Energy Inc. XEL posted third-quarter 2020 operating earnings of $1.14 per share, surpassing the Zacks Consensus Estimate of $1.08 by 5.6%.CMS Energy Corporation CMS reported third-quarter 2020 adjusted earnings per share of 77 cents, which surpassed the Zacks Consensus Estimate of 68 cents by 13.2%.These Stocks Are Poised to Soar Past the PandemicThe COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.See the 5 high-tech stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WEC Energy Group, Inc. (WEC): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report Xcel Energy Inc. (XEL): Free Stock Analysis Report PPL Corporation (PPL): Free Stock Analysis Report To read this article on Zacks.com click here.