Form 8-K AVISTA CORP For: Aug 05

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Go back to Form 8-K AVISTA CORP For: Aug 05

Avista Corp. (AVA) Misses Q2 EPS by 6c, Offers Guidance

August 5, 2020 6:19 AM EDT

Avista Corp. (NYSE: AVA) reported Q2 EPS of $0.26, $0.06 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $268.34 million versus the consensus estimate of $317.72 million.

GUIDANCE:

Avista Corp. sees Q3 2020 EPS of $1.75-$1.95, versus the consensus of $1.92.

We are expecting that COVID-19 impacts at Avista Utilities of increased operating expenses, including bad debt, reduced industrial loads, and increased interest expense, will be mostly offset by expected tax benefits from the Coronavirus Aid, Relief, and Economic Security Act and other efforts to identify... More