Investing.com - Edison reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Edison announced earnings per share of $1.16 on revenue of $3.33B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $3.46B.
Edison shares are down 22% from the beginning of the year and are trading at $59.18 , down-from-52-week-high.They are under-performing the S&P 500 which is down 10.02% from the start of the year.
Edison shares gained 0.03% in after-hours trade the report.
Edison follows other major Utilities sector earnings this month
Edison's report follows an earnings missed by Duke Energy on Thursday, February 10, 2022, who reported EPS of $0.94 on revenue of $6.24B, compared to forecasts EPS of $0.9615 on revenue of $6.53B.
Southern had beat expectations on Thursday, February 17, 2022 with fourth quarter EPS of $0.36 on revenue of $5.77B, compared to forecast for EPS of $0.3536 on revenue of $4.62B.
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