Investing.com - Edison reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Edison announced earnings per share of $0.79 on revenue of $2.96B. Analysts polled by Investing.com anticipated EPS of $0.6722 on revenue of $3.2B.
Edison shares are up 2% from the beginning of the year and are trading at $58.50 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.47% from the start of the year.
Edison follows other major Utilities sector earnings this month
Edison's report follows an earnings beat by NextEra Energy on Wednesday, April 21, 2021, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.6097 on revenue of $4.87B.
American Electric Power had missed expectations on Thursday with first quarter EPS of $1.15 on revenue of $4.3B, compared to forecast for EPS of $1.17 on revenue of $4.26B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar