ROSEMEAD, Calif. (AP) — ROSEMEAD, Calif. (AP) — Edison International (EIX) on Wednesday reported fourth-quarter earnings of $1.92 billion.
On a per-share basis, the Rosemead, California-based company said it had net income of $4.79. Earnings, adjusted for non-recurring gains, came to $1.87 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The electric power provider posted revenue of $5.21 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.38 billion.
For the year, the company reported profit of $4.7 billion, or $11.55 per share. Revenue was reported as $19.32 billion.
Edison International expects full-year earnings in the range of $5.90 to $6.20 per share.
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