Investing.com - Edison reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Edison announced earnings per share of $1.16 on revenue of $3.33B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $3.46B.
Edison shares are down 22% from the beginning of the year and are trading at $59.18 , down-from-52-week-high.They are under-performing the S&P 500 which is down 10.02% from the start of the year.
Edison shares gained 0.03% in after-hours trade the report.
Edison follows other major Utilities sector earnings this month
Edison's report follows an earnings missed by Duke Energy on February 10, who reported EPS of $0.94 on revenue of $6.24B, compared to forecasts EPS of $0.9615 on revenue of $6.53B.
Southern had beat expectations on February 17 with fourth quarter EPS of $0.36 on revenue of $5.77B, compared to forecast for EPS of $0.3536 on revenue of $4.62B.
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