Edison International Beats Q4 EPS Estimates by 63%

Shares of Edison International

are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 0.01%, trading at $41.86; they ended the regular session lower by 0.29%, at $41.87. Edison International reported Q4 EPS of $0.75 on revenues of $3.01 billion; the Street was looking for $0.46 per share. "For 2011, Edison International posted core earnings above its earnings guidance range and above Street consensus, although we reported a full-year loss due to impairment charges at our competitive generation subsidiary, EMG," said Ted Craver, chairman and chief executive officer of Edison International. "Southern California Edison continued to contribute strong earnings growth from its ongoing capital investment program. Given the challenging power market conditions facing EMG, we have taken important steps at EMG to preserve and enhance liquidity." Edison International is the holding company for Southern California Edison Company, a California public utility corporation; Edison Mission Energy, an independent power producer, and Edison Capital, an infrastructure finance company.