Avista Q1 Profit Tops View; Confirms FY16 Earnings Forecast - Quick Facts

(RTTNews) - Avista Corp. (AVA), an electric and natural gas utility, reported Wednesday that its first-quarter net income attributable to shareholders was $56.05 million, or $0.89 per share, compared to $46.45 million or $0.74 per share last year.

On average, five analysts polled by Thomson Reuters expected earnings of $0.80 per share. Analysts' estimates typically exclude special items.

Operating revenues declined to $418.17 million from $446.49 million last year.

Looking ahead, the company noted that focusing on the remainder of 2016, it is confirming 2016 earnings guidance with a consolidated range of $1.96 to $2.16 per share. Analysts expect earnings of $2.05 per share for the year.