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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Edison International | NYSE:EIX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.1901 | 0.27% | 71.5201 | 71.83 | 70.13 | 71.00 | 788,057 | 18:39:50 |
From Apr 2019 to Apr 2024
By Ezequiel Minaya
Edison International posted weaker-than-expected results for the first quarter, hurt by the timing of a rate-case decision last year and higher costs.
The California Public Utilities Commission's final decision in November had a 2015 revenue requirement that was below existing rates and was retroactive to Jan. 1, 2015.
Shares of the utility fell 1.3% to $70.50 in after-hours trading.
In the wake of the latest results, Edison bumped up by a penny its annual guidance for basic earnings on a per-share basis to $3.82 to $4.02. Analysts surveyed by Thomson Reuters expect $3.89 a share.
For the quarter ended in March, Edison posted earnings of $301 million, or 82 cents a share after the payout of preferred dividends, compared with a profit of $327 million, or 91 cents a share, a year earlier.
Total operating revenue declined 2.9% to $2.44 billion.
Analysts surveyed by Thomson Reuters had expected earnings of 88 cents on $2.82 billion in revenue.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
May 02, 2016 17:00 ET (21:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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