Movement Alert｜Edison Overnight Decline 6.23%, revenue miss overshadowed quarterly earnings beat

Market Focus10-30

On October 30, Edison fell 6.23% Overnight, trading at $55.68 per share, with turnover of $14,800.

The move followed the company’s latest quarterly report, in which adjusted EPS of $1.92 beat the $1.81 consensus estimate, but revenue of $4.89 billion missed the expected $5.34 billion and declined from $5.74 billion a year earlier.

Quarterly adjusted earnings also fell from $2.34 per share in the prior-year period. Edison reaffirmed full-year adjusted EPS guidance of $5.90 to $6.20, a range that brackets the $6.13 market expectation, indicating no change to its full-year outlook despite the softer top-line result. The revenue shortfall appears to be the clearest direct catalyst behind the Overnight decline.

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