Investing.com - Edison reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Edison announced earnings per share of $1 on revenue of $2.99B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $3.01B.
Edison shares are down 26% from the beginning of the year and are trading at $55.24 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.38% from the start of the year.
Edison shares gained 0.24% in after-hours trade the report.
Edison follows other major Utilities sector earnings this month
Edison's report follows an earnings beat by NextEra Energy on Friday, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Kinder Morgan had matched expectations on July 22 with second quarter EPS of $0.17 on revenue of $2.56B, compared to forecast for EPS of $0.17 on revenue of $2.9B.
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