UPDATE 1-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
California-based electric utility Edison International posted a first-quarter loss on Tuesday from a year-ago profit, due to claims related to a wildfire and other natural disasters several years ago. Edison, based in Rosemead, California, said its net loss stood at $11 million, or 3 cents per share in the first quarter, versus a profit of $310 million, or 81 cents per share in the year-ago quarter. The company said a $490 million increase in estimated losses was recorded after a first-quarter review of loss estimates for 2017 and 2018 wildfires and mudslides. The increase was primarily connected to the Woolsey Fire, which killed three people and destroyed hundreds of structures when it burned nearly 97,000 acres in Los Angeles and Ventura counties in late 2018. Los Angeles County sued Southern California Edison Co, a unit of Edison International, in 2019, alleging the company's damaged electrical equipment may have sparked the fire. Some 86% of the Woolsey individual pla
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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