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Edison International (NYSE:EIX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Edison International Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 138.67% to $1.79 in the quarter versus EPS of $0.75 in the year-earlier quarter.
Revenue: Rose 1.53% to $3.06 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Edison International reported adjusted EPS income of $1.79 per share. By that measure, the company beat the mean analyst estimate of $1.04. It beat the average revenue estimate of $2.21 billion.
Quoting Management: “These strong results demonstrate Southern California Edison’s ongoing ability to deliver rate base growth and cost management during an extended period of rate case uncertainty,” said Ted Craver, chairman and chief executive officer of Edison International. “Looking ahead, success in providing our customers with safe, reliable and affordable electricity provides the foundation for sustainable growth in earnings and dividends.”
Key Stats (on next page)…
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