Avista Corp. Q1 Income Advances 21%

(RTTNews) - Avista Corp. (AVA) released a profit for its first quarter that gained ground from last year.

The company said its bottom line climbed to $56.05 million, or $0.89 per share. This was up from $46.45 million, or $0.74 per share, in last year's first quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.3% to $418.17 million. This was down from $446.49 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q1): $56.05 Mln. vs. $46.45 Mln. last year. -Earnings Growth (Y-o-Y): 20.7% -EPS (Q1): $0.89 vs. $0.74 last year. -EPS Growth (Y-o-Y): 20.3% -Analysts Estimate: $0.80 -Revenue (Q1): $418.17 Mln vs. $446.49 Mln last year. -Revenue Change (Y-o-Y): -6.3%