Avista Corp. Reports Financial Results for Fourth Quarter and Fiscal Year 2016, and Initiates 2017 Earnings Guidance
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Avista Corp. (AVA) Tops Q4 EPS by 5c
February 22, 2017 7:06 AM ESTAvista Corp. (NYSE: AVA) reported Q4 EPS of $0.62, $0.05 better than the analyst estimate of $0.57.
GUIDANCE:
Avista Corp. sees FY2017 EPS of $1.80-$2.00.
"We had a great year in 2016. We saw increased earnings at Avista Utilities compared to 2015 due to increased electric and natural gas gross margin, which was partially offset by increased operating expenses, depreciation and interest expense. Our strong operational performance in 2016 resulted in continued reliable service for our customers and high customer satisfaction ratings. We also continued making capital investments in our utility... More
