Form 8-K AVISTA CORP For: Nov 04

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Go back to Form 8-K AVISTA CORP For: Nov 04

Avista Corp. (AVA) Misses Q3 EPS by 7c, Offers Guidance

November 4, 2020 6:09 AM EST

Avista Corp. (NYSE: AVA) reported Q3 EPS of $0.07, $0.07 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $263.6 million versus the consensus estimate of $301.1 million.

GUIDANCE:

Avista Corp. sees FY2020 EPS of $1.75-$1.95, versus the consensus of $1.86.

Avista Corp. is confirming its 2020 earnings guidance to a consolidated range of $1.75 to $1.95 per diluted share. We expect to be near the midpoint, including the benefit of the ERM, which is offsetting lower utility margin and higher operating costs.We are expecting that COVID-19 impacts at Avista Utilities... More