El Paso Electric (EE) Misses Q2 EPS by 12c

El Paso Electric (NYSE: EE) reported Q2 EPS of $0.76, $0.12 worse than the analyst estimate of $0.88.

• For the second quarter of 2018, El Paso Electric Company (\"EE\" or the \"Company\") reported net income of $33.3 million, or $0.82 basic and diluted earnings per share. In the second quarter of 2017, EE reported net income of $36.1 million, or $0.89 basic and diluted earnings per share.
• For the six months ended June 30, 2018, EE reported net income of $26.3 million, or $0.65 basic and diluted earnings per share. Net income for the six months ended June 30, 2017 was $32.1 million, or $0.79 basic and diluted earnings per share.

"Our overall financial results were solid as we achieved a new kWh sales record in the second quarter of 2018 due to favorable weather conditions and continued customer growth," said Mary Kipp, President and Chief Executive Officer of El Paso Electric Company. "However, this was partially offset by increased maintenance costs associated with our local generation fleet."

For earnings history and earnings-related data on El Paso Electric (EE) click here.

You May Also Be Interested In

• Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
• SpyGlass Pharma (SGP) Reports Q2 Loss of $0.59
• Microsoft only US hyperscaler with positive free cash flow as AI capex bites