Avista Corp. (AVA) Misses Q1 EPS by 5c, Offers FY Guidance

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Go back to Avista Corp. (AVA) Misses Q1 EPS by 5c, Offers FY Guidance

Avista Corp. Reports Financial Results for First Quarter 2018, and Initiates 2018 Earnings Guidance

May 2, 2018 7:05 AM EDT

SPOKANE, Wash., May 02, 2018 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $54.9 million, or $0.83 per diluted share for the first quarter of 2018, compared to $62.1 million, or $0.96 per diluted share for the first quarter of 2017.

"We had a good first quarter, with Avista Utilities' earnings that benefited from lower than expected resource costs, resulting from higher than normal hydroelectric generation and lower natural gas fuel prices. Also, customer growth contributed additional retail revenues and we had lower than expected operating expenses," said Scott Morris, chairman... More