Avista Corp. Announces Fall In Q1 Earnings

(RTTNews) - Avista Corp. (AVA) reported a profit for first quarter that fell from last year.

The company's earnings totaled $54.89 million, or $0.83 per share. This compares with $62.12 million, or $0.96 per share, in last year's first quarter.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.2% to $409.36 million from $436.47 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q1): $54.89 Mln. vs. $62.12 Mln. last year. -EPS (Q1): $0.83 vs. $0.96 last year. -Analysts Estimate: $0.88 -Revenue (Q1): $409.36 Mln vs. $436.47 Mln last year.

-Guidance: Full year EPS guidance: $1.90 to $2.10