Edison Int'l (EIX) Misses Q4 EPS by 2c

Edison Int'l (NYSE: EIX) reported Q4 EPS of $0.94, $0.02 worse than the analyst estimate of $0.96.

“Edison International’s performance in 2018 was negatively impacted by wildfires in our service territory and a charge for liabilities related to the Southern California wildfires and mudslides,” said Pedro Pizarro, president and chief executive officer of Edison International. “Devastating wildfires have become a regular occurrence in California and mitigating this threat continues to be our top priority. We are working closely with State, county and municipal leaders, as well as the business community, to develop responsible, regional and statewide solutions to address the ongoing wildfire risk.”

Mr. Pizarro adds, “SCE has proposed multiple programs to enhance operational practices and increase grid hardening which we have already started implementing. In addition, we continue to make substantial investments to support California’s climate change policies. All of these illustrate California’s need for financially healthy utilities and therefore the need for sustainable wildfire risk management policies.”

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

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Laird Superfood, Inc. (LSF) Misses Q2 EPS by 22c ; Offers Guidance
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c