El Paso Electric (EE) Misses Q3 EPS by 5c, Revenues Beat; Boosts FY18 EPS Outlook, Remains Below Consensus
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El Paso Electric Announces Third Quarter 2018 Financial Results
November 1, 2018 7:50 AM EDTEL PASO, Texas--(BUSINESS WIRE)--
El Paso Electric (NYSE: EE):
Overview
For the third quarter of 2018, El Paso Electric Company ("EE" or the "Company") reported net income of $73.3 million, or $1.80 basic and $1.79 diluted earnings per share. In the third quarter of 2017, EE reported net income of $59.7 million, or $1.47 basic and diluted earnings per share. For the nine months ended September 30, 2018, EE reported net income of $99.6 million, or $2.45 basic and $2.44 diluted earnings per share. Net income for the nine months ended September 30, 2017, was... More