Edison International Q2 Profit Decreases, but beats estimates

(RTTNews) - Edison International (EIX) revealed a profit for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $241 million, or $0.63 per share. This compares with $318 million, or $0.84 per share, in last year's second quarter.

Excluding items, Edison International reported adjusted earnings of $357 million or $0.94 per share for the period.

Analysts on average had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.8% to $4.01 billion from $3.32 billion last year.

Edison International earnings at a glance (GAAP) :

-Earnings (Q2): $241 Mln. vs. $318 Mln. last year. -EPS (Q2): $0.63 vs. $0.84 last year. -Analyst Estimates: $0.92 -Revenue (Q2): $4.01 Bln vs. $3.32 Bln last year.