ROSEMEAD, Calif. (AP) 鈥� ROSEMEAD, Calif. (AP) 鈥� Edison International (EIX) on Tuesday reported first-quarter profit of $570 million.
On a per-share basis, the Rosemead, California-based company said it had profit of $1.37. Earnings, adjusted for non-recurring costs, were $1.42 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The electric power provider posted revenue of $4.1 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $3.99 billion.
Edison International expects full-year earnings in the range of $5.90 to $6.20 per share.
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