Edison International Q1 Profit Declines - Quick Facts

(RTTNews) - Edison International (EIX) reported first-quarter net income of $176 million, or $0.54 per share, compared to $271 million, or $0.82 per share, in the first quarter of 2013. Earnings per share from continuing operations was $0.61, compared to $0.78. On an adjusted basis, core earnings were $294 million, or $0.90 per share, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.82 for the quarter. Analysts' estimates typically exclude special items.

Operating revenue increased to $2.93 billion from $2.63 billion. Analysts expected revenue of $2.79 billion for the quarter.

The company reaffirmed its 2014 core earnings guidance of $3.60 to $3.80 per share and updated its basic earnings guidance to $3.24 to $3.44 per share to reflect first quarter non-core items. Analysts expect the company to report 2014 earnings per share of $3.70.