Avista Corp. Bottom Line Falls 20% In Q2

(RTTNews) - Avista Corp. (AVA) announced a profit for second quarter that dropped from last year.

The company said its bottom line came in at $21.77 million, or $0.34 per share. This was lower than $27.25 million, or $0.43 per share, in last year's second quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.4% to $314.50 million. This was down from $318.84 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q2): $21.77 Mln. vs. $27.25 Mln. last year. -Earnings Decline (Y-o-Y): -20.1% -EPS (Q2): $0.34 vs. $0.43 last year. -EPS Decline (Y-o-Y): -20.9% -Analysts Estimate: $0.38 -Revenue (Q2): $314.50 Mln vs. $318.84 Mln last year. -Revenue Change (Y-o-Y): -1.4%

-Guidance: Full year EPS guidance: $1.80 - $2.00