Edison Intl Q2 Adj $1.01 Beats $0.95 Estimate, Sales $3.96B Miss $4.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Edison Intl (NYSE:EIX) reported Q2 earnings of $1.01 per share, beating the analyst consensus estimate of $0.95 by 6.32%. This is a 7.45% increase from the same period last year. However, the company's quarterly sales of $3.96 billion missed the analyst consensus estimate of $4.27 billion by 7.17%, marking a 1.10% decrease from the same period last year.
July 27, 2023 | 8:18 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Edison Intl's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
While the earnings beat could boost investor confidence and potentially drive the stock price up, the sales miss could have the opposite effect, leading to a potential sell-off. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100