By Anastasia Tomazhenkova: A public utility holding company Edison International posted that its quarterly earnings fell to 211 million dollars, or
Exclude special items, earnings were 65 cents a share, unchanged from a year ago.
The Rosemead, Calif., energy holding company said income from continuing operations declined to 214 million dollars, or
Quarterly operating revenues rose 4.7% to 3.211 million dollars from 3.067 million dollars in the same quarter last year. Three analysts estimated revenues of 3.50 billion dollars.
On average, analysts polled by Thomson Financial expected per-share earnings of
For fiscal 2007, the company's net profit was 1.098 million dollars or 3.33 dollars a share compared to 1.181 million dollars or 3.58 dollars a share in the previous year.
Excluding non-core items, 2007 core earnings increased 20% to 3.69 dollars a share from 3.07 dollars a share last year, reflecting strong operating performance at Southern California Edison and Edison Mission Group.
Edison expects 2008 earnings of 3.61 dollars to 4.01 dollars a share.
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