Avista Corp. Q3 Profit Declines 6%

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

The company said its earnings dropped to $12.23 million, or $0.19 per share. This was down from $13.01 million, or $0.21 per share, in last year's third quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.3% to $303.35 million. This was down from $313.65 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q3): $12.23 Mln. vs. $13.01 Mln. last year. -Earnings Decline (Y-o-Y): -6.0% -EPS (Q3): $0.19 vs. $0.21 last year. -EPS Decline (Y-o-Y): -9.5% -Analysts Estimate: $0.21 -Revenue (Q3): $303.35 Mln vs. $313.65 Mln last year. -Revenue Change (Y-o-Y): -3.3%

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