Avista Corp. Announces 8% Advance In Q2 Bottom Line

(RTTNews) - Avista Corp. (AVA) reported a profit for its second quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $27.25 million, or $0.43 per share. This was up from $25.25 million, or $0.40 per share, in last year's second quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.5% to $318.84 million. This was down from $337.33 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q2): $27.25 Mln. vs. $25.25 Mln. last year. -Earnings Growth (Y-o-Y): 7.9% -EPS (Q2): $0.43 vs. $0.40 last year. -EPS Growth (Y-o-Y): 7.5% -Analysts Estimate: $0.45 -Revenue (Q2): $318.84 Mln vs. $337.33 Mln last year. -Revenue Change (Y-o-Y): -5.5%

-Guidance: Full year EPS guidance: $1.96 - $2.16