Hawaiian Electric Industries (HE) Misses Q3 EPS by 2c, Revenues Miss

Hawaiian Electric Industries (NYSE: HE) reported Q3 EPS of $0.58, $0.02 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $771.54 million versus the consensus estimate of $814.36 million.

"HEI's third quarter earnings were consistent with our expectations, and we continue to execute well on key initiatives across our enterprise," said Constance H. Lau, president and CEO of HEI. "Our utilities continue to work together with our communities and other stakeholders toward achieving a renewable energy future that's affordable, reliable and resilient. This work includes the ongoing performance-based regulation process and our latest renewable energy and grid services request for proposals."

"Our bank\'s results and earnings growth reflect good performance in a volatile market environment. American continued to deliver strong loan growth and steady net interest margins despite the continued challenges of lower interest rates. In October, American completed the sale of its former headquarters," said Lau.

For earnings history and earnings-related data on Hawaiian Electric Industries (HE) click here.

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