Edison Int'l (EIX) Misses Q1 EPS by 24c, Revenues Beat

Edison Int'l (NYSE: EIX) reported Q1 EPS of $0.63, $0.24 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.76 billion.

“We remain focused on mitigating increased wildfire risk and its related financial impacts on our communities and the health of the state’s electric utilities,” said Pedro Pizarro, president and chief executive officer of Edison International. “Additionally, we are focused on recent significant regulatory and policy developments, including the strike force proposal led by Governor Newsom’s administration, the issuance of our 2018 GRC proposed decision, and the filing of both our CPUC cost of capital and FERC transmission rate cases.”

Pizarro added, “To address significant rate base growth opportunities and the capital structure changes requested in SCE’s cost of capital proceeding, we announced a financing plan with a balanced approach to issuing equity and debt. These opportunities will enable us to continue supporting California’s clean energy future.”

2019 Earnings Guidance

Edison International will provide 2019 earnings guidance after a final decision has been issued by the CPUC on the Southern California Edison 2018 GRC. This is consistent with the company\'s practice of not providing earnings guidance prior to a decision on its GRC. See the presentation accompanying the company’s conference call for further information.

For earnings history and earnings-related data on Edison Int'l (EIX) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• CVG to join Russell 2000 and Russell 3000 indexes June 26
• Cerebras Q1 EPS miss sends shares down 9% after-hours