ROSEMEAD, Calif. (AP) — ROSEMEAD, Calif. (AP) — Edison International (EIX) on Tuesday reported first-quarter net income of $1.49 billion.
On a per-share basis, the Rosemead, California-based company said it had net income of $3.72. Earnings, adjusted for non-recurring gains, were $1.37 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The electric power provider posted revenue of $3.81 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $4.13 billion.
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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
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