Avista Corp. (AVA) Tops Q4 EPS by 27c; Confirms 2023 Guidance
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Avista Corp. Reports Financial Results for the Fourth Quarter and Fiscal Year 2022, Confirms 2023 Guidance
February 22, 2023 7:05 AM ESTSPOKANE, Wash., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today reported net income of $155.2 million, or $2.12 per diluted share, for the year ended Dec. 31, 2022, compared to $147.3 million, or $2.10 per diluted share, for the year ended Dec. 31, 2021.
For the fourth quarter of 2022, net income was $78.0 million, or $1.05 per diluted share, compared to net income of $50.9 million, or $0.71 per diluted share, for the fourth quarter of 2021.
Our 2022 consolidated earnings were better than our expectations, due to significant increases in the fair value of certain non-regulated investments, said Avista President and CEO Dennis Vermillion.
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