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Stock impact report

Edison International Reports First Quarter 2018 Results

Edison International (EIX) 
Last edison international earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: edison.com/home/investors.html
Company Research Source: Business Wire
ROSEMEAD, Calif.--(BUSINESS WIRE)-- Edison International (NYSE:EIX) today reported first quarter 2018 net income of $218 million, or $0.67 per share, compared to net income of $362 million, or $1.11 per share, in the first quarter 2017. As adjusted, first quarter 2018 core earnings were $262 million, or $0.80 per share. There were no non-core items in the first quarter 2017. Southern California Edison (SCE) is awaiting a proposed decision from the California Public Utilities Commission (CPUC) on its 2018 General Rate Case (GRC). Consequently, during the first quarter of 2018, SCE recognized revenue from CPUC activities largely based on 2017 authorized base revenue requirements included in customer rates with reserves taken for known items including the July 2017 cost of capital decision and the Tax Cuts and Jobs Act (Tax Reform). The revenue requirement ultimately adopted by the CPUC will be retroactive to Ja Show less Read more
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