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.
"We should use shock therapy to sober up the Americans. In this case, the Americans will speak about the need to resume dialogue. There is no other option"
The United States is concerned about the current crisis in the relations with Russia and suggests returning to reasonable policies to avoid a nuclear war