Latest News by Industry
SPOKANE, Wash. (AP) — SPOKANE, Wash. (AP) — Avista Corp. (AVA) on Wednesday reported fourth-quarter profit of $84.1 million.
On a per-share basis, the Spokane, Washington-based company said it had net income of $1.08.
The utility posted revenue of $517.4 million in the period.
For the year, the company reported profit of $171.2 million, or $2.24 per share. Revenue was reported as $1.75 billion.
Avista expects full-year earnings to be $2.36 to $2.56 per share.
Avista shares have dropped 5% since the beginning of the year. The stock has decreased 17% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVA at https://www.zacks.com/ap/AVA