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

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

Avista Corp. Reports Financial Results for Third Quarter and Year-to-Date 2017 and Revises 2017 Earnings Guidance

November 1, 2017 7:05 AM EDT

SPOKANE, Wash., Nov. 01, 2017 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $4.5 million, or $0.07 per diluted share for the third quarter of 2017, compared to $12.2 million, or $0.19 per diluted share for the third quarter of 2016. For the nine months ended Sept. 30, 2017, net income attributable to Avista Corp. shareholders was $88.3 million, or $1.37 per diluted share, compared to $97.1 million, or $1.53 per diluted share for the nine months ended Sept. 30, 2016.

"Our 2017 consolidated earnings for the third quarter and year-to-date decreased compared to the same periods in 2016, due to acquisition costs,... More