Avista Corp. Q3 Profit Climbs 24%

(RTTNews) - Avista Corp. (AVA) released earnings for its third quarter that advanced from last year.

The company said its bottom line climbed to $13.01 million, or $0.21 per share. This was up from $10.45 million, or $0.16 per share, in last year's third quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.0% to $313.65 million. This was up from $301.56 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q3): $13.01 Mln. vs. $10.45 Mln. last year. -Earnings Growth (Y-o-Y): 24.5% -EPS (Q3): $0.21 vs. $0.16 last year. -EPS Growth (Y-o-Y): 31.2% -Analysts Estimate: $0.16 -Revenue (Q3): $313.65 Mln vs. $301.56 Mln last year. -Revenue Change (Y-o-Y): 4.0%

-Guidance: Full year EPS guidance: $1.86 to $2.06