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Edison International beats 1Q profit forecasts

ROSEMEAD, Calif. (AP) _ Edison International (EIX) on Monday reported first-quarter net income of $393 million.

The Rosemead, California-based company said it had net income of $1.10 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The electric power provider posted revenue of $2.46 billion in the period.

Edison International expects full-year earnings in the range of $4.04 to $4.24 per share.

Edison International shares have increased 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 7 percent. In the final minutes of trading on Monday, shares hit $79.27, a climb of 12 percent in the last 12 months.


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


Keywords: Edison International, Earnings Report