Edison International posts Q1 loss on wildfire claims [Yahoo! Finance]
Edison International (EIX)
Last edison international earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
The Rosemead, California-based company said its net loss stood at $11 million, or 3 cents per share in the first quarter, from a profit of $310 million, or 81 cents per share in the year-ago quarter. Edison said a $490 million increase in estimated losses was recorded owing to a first-quarter review of loss estimates for the 2017 and 2018 wildfires and mudslides. The increase was primarily driven by information obtained during the quarter related to the Woolsey Fire mediation program and from settling claims through the quarter. The Rye, Meyers, Liberty, and Thomas Fires raged across several parts of the company's service territory in December 2017. In 2018, the Woolsey wildfires in Los Angeles and Ventura Counties burned 96,949 acres of land and destroyed 1,643 structures. Three Californians were killed and more than 295,000 people evacuated. Los Angeles County sued Southern California Edison Co, a unit of Edison International, in 2019, alleging that the company's damaged
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News
- Southern California Edison, Lotus Infrastructure Partners Chosen by CAISO to Build Major Transmission Project Between San Diego, Orange Counties [Yahoo! Finance]Yahoo! Finance
- Southern California Edison, Lotus Infrastructure Partners Chosen by CAISO to Build Major Transmission Project Between San Diego, Orange CountiesBusiness Wire
- Edison International (NYSE: EIX) had its price target raised by analysts at Mizuho from $75.00 to $85.00. They now have a "buy" rating on the stock.MarketBeat
- 5 Top Vanguard Mutual Funds Amid Volatile Market Conditions [Yahoo! Finance]Yahoo! Finance
- Edison International (NYSE: EIX) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $86.00 price target on the stock, up previously from $72.00.MarketBeat
EIX
Earnings
- 4/30/24 - Beat
EIX
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- 5/13/24 - Form 4
- EIX's page on the SEC website