Edison International: Q2 Earnings Snapshot

Informative Details

ROSEMEAD, Calif. — ROSEMEAD, Calif. — Edison International (EIX) on Thursday reported second-quarter profit of $509 million.

On a per-share basis, the Rosemead, California-based company said it had net income of $1.13. Earnings, adjusted for non-recurring costs, were $1.22 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The electric power provider posted revenue of $4.34 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.03 billion.

Edison International expects full-year earnings in the range of $4.75 to $5.05 per share.

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