Edison Int'l Turns To Profit In Q2 - Quick Facts

(RTTNews) - Edison International (EIX) reported second-quarter net income of $536 million, or $1.63 per share, compared to net loss of $94 million, or $0.29 per share, in the comparable quarter last year.

On an adjusted basis, core earnings were $352 million, or $1.08 per share, up from $259 million or $0.79 per share in the prior year period. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.83 for the quarter. Analysts' estimates typically exclude special items.

Operating revenue declined to $3.02 billion from $3.05 billion, while seven analysts expected revenue of $3.06 billion for the quarter.

The company continues to expect its 2014 core earnings guidance in the range of $3.60 to $3.80 per share and earnings of $3.24 to $3.44 per share. Analysts expect the company to report 2014 earnings per share of $3.73.