logo
Plus   Neg
Share
Email

Avista Confirms FY19 Earnings Outlook - Quick Facts

While reporting financial results for the first quarter on Thursday, Avista Corp. (AVA) confirmed its full-year 2019 guidance for earnings per share.

For fiscal 2019, the company continues to project earnings in the range of $2.78 to $2.98 per share, which includes $1.01 per diluted share for the termination fee received from Hydro One and the payment of remaining transaction costs. This translates to adjusted earnings in the range of $1.77 to $1.97 per share

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.93 per share for the year. Analysts' estimates typically exclude special items.

Going forward, the company said it will continue to strive to reduce the regulatory timing lag and more closely align its earned returns with those authorized by 2022. To achieve this, it anticipates an annual earnings growth rate of 9 to 10 percent from 2020 to 2022 with a return to its normal 4 to 5 percent growth rate following 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Microsoft Corp. (MSFT) founder Bill Gates has admitted that his greatest mistake was allowing Google's android to become a dominant mobile operating system. Speaking at a Economic Club of Washington luncheon, Gates said to David Rubinstein on Monday, "We're in the field of doing operating systems... McDonald's said Monday that the introduction of fresh beef at its restaurants just over one year ago has helped it gain market share in the informal eating out or IEO category for the first time in five years. In May 2018, the burger chain switched to fresh beef quarter-pound burgers from frozen beef across the U.S., as part of its efforts to provide customers with a "hotter, juicer burger." 'Toy Story 4' has broken global office box records for an animated movie, according to media reports. The movie is the fourth instalment in the 'Toy Story' series and is the sequel to 2010's 'Toy Story 3.' The Disney and Pixar film has reportedly earned $238 million after opening worldwide over the weekend and performed particularly well in Latin America and Europe.
Follow RTT