Hawaiian Electric Industries (HE) Misses Q3 EPS by 2c

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Go back to Hawaiian Electric Industries (HE) Misses Q3 EPS by 2c

HEI Reports Third Quarter 2017 Earnings Of $60.1 Million

November 2, 2017 2:15 PM EDT

HONOLULU, Nov. 2, 2017 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) today reported consolidated net income for common stock for the third quarter of 2017 of $60.1 million and diluted earnings per share (EPS) of $0.55 compared to $127.1 million and EPS of $1.17 for the third quarter of 2016.  Third quarter of 2016 core earnings1 and core EPS1 were $63.3 million and $0.58, respectively.  HEI's third quarter of 2016 core earnings1 included $6 million of favorable tax adjustments at the holding company as HEI moved out of a federal net operating loss position, enabling the recognition of tax benefits. ... More