Edison International Q3 Profit Retreats 24%

(RTTNews) - Edison International (EIX) announced earnings for third quarter that dropped compared to the same period last year.

The company said its earnings dropped to $377 million, or $1.16 per share. This was lower than $496 million, or $1.52 per share, in last year's third quarter.

Analysts had expected the company to earn $1.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.8% to $3.76 billion. This was down from $4.36 billion last year.

Edison International earnings at a glance:

-Earnings (Q3): $377 Mln. vs. $496 Mln. last year. -Earnings Decline (Y-o-Y): -24.0% -EPS (Q3): $1.16 vs. $1.52 last year. -EPS Decline (Y-o-Y): -23.7% -Analysts Estimate: $1.17 -Revenue (Q3): $3.76 Bln vs. $4.36 Bln last year. -Revenue Change (Y-o-Y): -13.8%

-Guidance: Full year EPS guidance: $3.77 - $3.87