Avista Corp. Q4 Income Climbs 20%

(RTTNews) - Avista Corp. (AVA) released earnings for its fourth quarter that advanced from last year.

The company said its bottom line rose to $38.52 million, or $0.61 per share. This was higher than $32.22 million, or $0.51 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.0% to $387.31 million. This was down from $411.85 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q4): $38.52 Mln. vs. $32.22 Mln. last year. -Earnings Growth (Y-o-Y): 19.6% -EPS (Q4): $0.61 vs. $0.51 last year. -EPS Growth (Y-o-Y): 19.6% -Analysts Estimate: $0.59 -Revenue (Q4): $387.31 Mln vs. $411.85 Mln last year. -Revenue Change (Y-o-Y): -6.0%