Avista Corp. Bottom Line Retreats 64% In Q3

(RTTNews) - Avista Corp. (AVA) announced a profit for third quarter that fell compared to the same period last year.

The company said its profit came in at $4.45 million, or $0.07 per share. This was lower than $12.23 million, or $0.19 per share, in last year's third quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $297.09 million. This was down from $303.35 million last year.

Avista Corp. earnings at a glance:

-Earnings (Q3): $4.45 Mln. vs. $12.23 Mln. last year. -Earnings Decline (Y-o-Y): -63.6% -EPS (Q3): $0.07 vs. $0.19 last year. -EPS Decline (Y-o-Y): -63.2% -Analysts Estimate: $0.14 -Revenue (Q3): $297.09 Mln vs. $303.35 Mln last year. -Revenue Change (Y-o-Y): -2.1%

-Guidance: Full year EPS guidance: $1.75 - $1.90