Edison International (EIX) announced earnings for third quarter that dropped compared to the same period last year.
The company said its earnings dropped to $377 million, or $1.16 per share. This was lower than $496 million, or $1.52 per share, in last year's third quarter.
Analysts had expected the company to earn $1.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 13.8% to $3.76 billion. This was down from $4.36 billion last year.
Edison International earnings at a glance:
-Earnings (Q3): $377 Mln. vs. $496 Mln. last year.
-Earnings Decline (Y-o-Y): -24.0%
-EPS (Q3): $1.16 vs. $1.52 last year.
-EPS Decline (Y-o-Y): -23.7%
-Analysts Estimate: $1.17
-Revenue (Q3): $3.76 Bln vs. $4.36 Bln last year.
-Revenue Change (Y-o-Y): -13.8%
-Guidance:
Full year EPS guidance: $3.77 - $3.87
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