Edison International Q2 Profit Falls 27%

(RTTNews) - Edison International (EIX) released earnings for second quarter that decreased from last year.

The company said its profit totaled $276 million, or $0.85 per share. This was lower than $378 million, or $1.16 per share, in last year's second quarter.

Analysts had expected the company to earn $0.98 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.5% to $2.78 billion. This was down from $2.91 billion last year.

Edison International earnings at a glance:

-Earnings (Q2): $276 Mln. vs. $378 Mln. last year. -Earnings Decline (Y-o-Y): -27.0% -EPS (Q2): $0.85 vs. $1.16 last year. -EPS Decline (Y-o-Y): -26.7% -Analysts Estimate: $0.98 -Revenue (Q2): $2.78 Bln vs. $2.91 Bln last year. -Revenue Change (Y-o-Y): -4.5%

-Guidance: Full year EPS guidance: $3.81 - $4.01