Hawaiian Electric Industries (HE) Tops Q3 EPS by 8c
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Hawaiian Electric Industries Reports Third Quarter 2016 Earnings
November 4, 2016 4:15 PM EDTHONOLULU, Nov. 4, 2016 /PRNewswire/ -- Hawaiian Electric Industries, Inc.(NYSE - HE) (HEI) today reported consolidated net income for common stock for the third quarter of 2016 of $127.1 million and diluted earnings per share (EPS) of $1.17 compared to $50.7 million and EPS of $0.47 for the third quarter of 2015. Financial results for the third quarter of 2016 include the one-time increase to net income of $63.8 million related to the recently terminated merger with NextEra Energy, Inc. and related spin-off of ASB Hawaii, Inc., as compared to $1.7 million net expense in the third quarter of 2015. Excluding these items, core earnings1 for the third... More
