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Edison International: 3Q Earnings Snapshot

·1 min read

ROSEMEAD, Calif. (AP) _ Edison International (EIX) on Tuesday reported a third-quarter loss of $242 million, after reporting a profit in the same period a year earlier.

The Rosemead, California-based company said it had a loss of 76 cents per share. Earnings, adjusted for non-recurring costs, were $1.67 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The electric power provider posted revenue of $4.64 billion in the period.

Edison International expects full-year earnings in the range of $4.47 to $4.62 per share.

Edison International shares have declined 23% since the beginning of the year, while the Standard & Poor's 500 index has increased 5%. In the final minutes of trading on Tuesday, shares hit $57.81, a decrease of 10% in the last 12 months.

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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