Avista Corp. (AVA) announced a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $67 million, or $0.84 per share. This compares with $84 million, or $1.08 per share, last year.
Analysts on average had expected the company to earn $0.87 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.6% to $517 million from $504 million last year.
Avista Corp. earnings at a glance (GAAP) :
-Earnings: $67 Mln. vs. $84 Mln. last year.
-EPS: $0.84 vs. $1.08 last year.
-Revenue: $517 Mln vs. $504 Mln last year.
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