ROSEMEAD, Calif. (AP) — ROSEMEAD, Calif. (AP) — Edison International (EIX) on Thursday reported fourth-quarter earnings of $378 million.
On a per-share basis, the Rosemead, California-based company said it had profit of 99 cents. Earnings, adjusted for non-recurring costs, came to $1.28 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The electric power provider posted revenue of $3.71 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $4.19 billion.
For the year, the company reported profit of $1.41 billion, or $3.11 per share. Revenue was reported as $16.34 billion.
Edison International expects full-year earnings in the range of $4.75 to $5.05 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EIX at https://www.zacks.com/ap/EIX