Wednesday, 09 May 2007

UPDATE 1-Edison International earnings rise 29 pct

(Reuters) - Edison said net income in the first quarter was $333 million, or $1.01 per share, compared with $258 million, or 78 cents per share, a year ago.

The company said its core earnings rose to 90 cents per share from 56 cents a year ago, and it expected 2007 core earnings would be at the top end of its previous forecast of $3.05 to $3.45 per share. Total earnings guidance is expected to be between $2.70 and $3.10 per share reflecting refinancing charges and a tax benefit.


Read more at Reuters.com Market News

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