ROSEMEAD, Calif. (AP) _ Edison International (EIX) on Thursday reported fourth-quarter net income of $143 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Rosemead, California-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring costs, were 99 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The electric power provider posted revenue of $2.97 billion in the period.
For the year, the company reported net income of $1.28 billion, or $3.77 per share, swinging to a profit in the period. Revenue was reported as $12.35 billion.
Edison International expects full-year earnings in the range of $4.32 to $4.62 per share.
Edison International shares have decreased almost 7% since the beginning of the year, while the Standard & Poor's 500 index has fallen almost 7%. In the final minutes of trading on Thursday, shares hit $70.27, a rise of 16% in the last 12 months.