Avista Corp. (AVA) Misses Q3 EPS by 7c; Lowers Outlook

Avista Corp. (NYSE: AVA) reported Q3 EPS of $0.07, $0.07 worse than the analyst estimate of $0.14.

"Our 2017 consolidated earnings for the third quarter and year-to-date decreased compared to the same periods in 2016, due to acquisition costs, increased operating expenses, depreciation and interest expense. The decreases in earnings were partially offset by lower resource costs, general rate increases in Idaho and Oregon and customer growth," said Scott Morris, chairman, president and chief executive officer of Avista Corp.

GUIDANCE:

Avista Corp. sees FY2017 EPS of $1.75-$1.90, versus prior of $1.80-$2.00 and the consensus of $1.95.

For earnings history and earnings-related data on Avista Corp. (AVA) click here.

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