Edison Intl Q1 2024 Adj EPS $1.13 Misses $1.15 Estimate, Sales $4.078B Miss $4.155B Estimate
Portfolio Pulse from Benzinga Newsdesk
Edison Intl (NYSE:EIX) reported Q1 2024 earnings of $1.13 per share, missing the consensus estimate of $1.15. Quarterly sales were $4.078B, also missing the estimate of $4.155B, but marking a 2.82% increase from the previous year.
April 30, 2024 | 8:06 pm
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Edison Intl reported Q1 2024 earnings of $1.13 per share and sales of $4.078B, missing both EPS and sales estimates but showing a year-over-year growth.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100