AVA - Avista GAAP EPS of $0.23 beats by $0.08 revenue of $368.6M misses by $1.48M
2023-08-02 07:16:51 ET
- Avista press release ( NYSE: AVA ): Q2 GAAP EPS of $0.23 beats by $0.08 .
- Revenue of $368.6M (flat Y/Y) misses by $1.48M .
- "We are confirming our 2023 consolidated earnings guidance with a range of $2.27 to $2.47 per diluted share, although we expect to be in the lower end of our consolidated and utility guidance range due to higher net costs under the ERM. The month of May brought record-high temperatures to our service territory and caused the snowpack to melt faster than expected. As a result, this has been one of our worst years for hydroelectric generation," commented Avista President and CEO Dennis Vermillion.
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Avista GAAP EPS of $0.23 beats by $0.08, revenue of $368.6M misses by $1.48M