Avista Corp. (AVA) Misses Q1 EPS by 13c, Reaffirms FY Guidance

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Go back to Avista Corp. (AVA) Misses Q1 EPS by 13c, Reaffirms FY Guidance

Avista Corp. Reports Financial Results for First Quarter 2015, and Confirms 2015 Earnings Guidance

May 6, 2015 7:05 AM EDT

SPOKANE, WA -- (Marketwired) -- 05/06/15 -- Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $46.4 million, or $0.74 per diluted share for the first quarter of 2015, compared to $48.5 million, or $0.81 per diluted share for the first quarter of 2014.

"Earnings for the first quarter of 2015 were below our expectations due to weather that was significantly warmer than normal in our service territory, which reduced heating loads. However, the impact on our earnings was somewhat mitigated through the decoupling mechanism in Washington. Excluding the impacts of weather, we had... More