Edison International Q3 Profit Increases, Beats Estimates

(RTTNews) - Edison International (EIX) announced a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's bottom line came in at $832 million, or $2.16 per share. This compares with $516 million, or $1.32 per share, last year.

Excluding items, Edison International reported adjusted earnings of $901 million or $2.34 per share for the period.

Analysts on average had expected the company to earn $2.18 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.6% to $5.750 billion from $5.201 billion last year.

Edison International earnings at a glance (GAAP) :

-Earnings: $832 Mln. vs. $516 Mln. last year. -EPS: $2.16 vs. $1.32 last year. -Revenue: $5.750 Bln vs. $5.201 Bln last year.

-Guidance: Full year EPS guidance: $5.95 - $6.20