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ACCESSWIRE
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Active-Investors: Free Research Report as Edison International's Quarterly Earnings Advanced 13.4%

Stock Monitor: Spark Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors.com has just released a free earnings report on Edison International (NYSE: EIX). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=EIX. The Company reported its financial results on February 22, 2018, for the fourth quarter and full fiscal year ended December 31, 2017. The Company surpassed analysts' estimates for earnings and revenues in Q4 FY17. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Spark Energy, Inc. (NASDAQ: SPKE), which also belongs to the Utilities sector as the Company Edison Intl. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/'symbol=SPKE
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Edison International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/'symbol=EIX

Earnings Highlights and Summary

For Q4 FY17, Edison International's total operating revenues reached $3.22 billion, up 11.65% from $2.88 billion in Q4 FY16. The Company's revenue numbers surpassed analysts' consensus estimates of $2.88 billion.

During Q4 FY17, Edison International's operating expenses were $3.24 billion, an increase of 39.6% from $2.32 billion in Q4 FY16. This increment was mainly led by an increase of 18.93% y-o-y in purchased power and fuel costs. Besides, the Company incurred impairment and other charges of $716 million in the reported quarter. Edison International incurred an operating loss of $16 million in Q4 FY17 compared to an operating income of $566 million in Q4 FY16.

Edison International's net loss attributable to stockholders was $545 million in Q4 FY17 compared to a net income attributable to stockholders of $329 million in Q4 FY16. The Company had a basic loss per share of $1.67 in the reported quarter compared to earnings per share (EPS) of $1.01 in the year ago same quarter. The reported quarter earnings results included an impact from the after-tax impairment and other charges related to the Revised San Onofre Settlement Agreement, and an impact from the re-measurement of deferred taxes as a result of the Tax Cuts and Jobs Act 2017 (TCJA). Edison International's core EPS, excluding non-core items, were $1.01 in Q4 FY17, up 13.4% from $0.97 in Q4 FY16; and were higher than analysts' consensus estimates of $0.93.

For the full fiscal year ended December 31, 2017, Edison International's total operating revenues were $12.32 billion, up 3.8% from $11.87 billion in FY16. The Company's operating income fell 28.63% to $1.49 billion y-o-y in FY17. Edison International's net income attributable to stockholders was $565 million, or $1.73 per share, in the reported year, 56.90% lower than $1.31 billion, or $4.02 per share, in the previous year. The Company's core EPS, excluding non-core items, were $4.50 in FY17, up 13.35% from $3.97 in FY16.

Segment Details

Edison International's Southern California Edison (SCE) segment reported a net loss of $109 million in Q4 FY17, a decrease of $437 million from a net income of $328 million in Q4 FY16. This included non-core losses of $481 million related to the Revised San Onofre Settlement Agreement. The segment's core EPS were $1.15 for the reported quarter, 13.86% higher than $1.01 in year ago comparable quarter.

During Q4 FY17, Edison International's Edison International Parent and Other segment reported a net loss of $436 million, a decrease of $424 million from a net loss of $12 million in Q4 FY16. This included non-core losses of $421 million due to the re-measurement of deferred taxes as a result of the TCJA. The segment had core loss per share of $0.05 in the quarter under review compared to $0.04 in the previous year's corresponding quarter.

Cash Matters

Edison International had cash and cash equivalents of $1.09 billion as on December 31, 2017, compared to $96 million as on December 31, 2016. The Company's long-term debt balance increased 14.42% to $11.64 billion as on December 31, 2017, from $10.18 billion as on December 31, 2016.

Edison International's net cash flow from operating activities was $3.59 billion at the end of FY17, 10.17% higher than $3.26 billion at the end of FY16.

Edison International incurred a capital expenditure of $3.83 billion in FY17, up 2.52% from $3.73 billion in FY16.

Outlook

Edison International will provide earnings guidance for FY18 after CPUC issues a final decision on the Southern California Edison 2018 GRC.

On February 22, 2018, Edison International's Board of Directors declared a quarterly common stock dividend of $0.605 per share, payable on April 30, 2018, to shareholders of record as on March 29, 2018.

Stock Performance Snapshot

April 04, 2018 - At Wednesday's closing bell, Edison International's stock marginally declined 0.03%, ending the trading session at $63.09.

Volume traded for the day: 1.98 million shares.

Stock performance in the last month - up 3.99%

After yesterday's close, Edison International's market cap was at $20.57 billion.

Price to Earnings (P/E) ratio was at 20.12.

The stock has a dividend yield of 3.84%.

The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 0.1% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

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SOURCE: Active-Investors

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