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Friday, November 06, 2009
Edison International Profit Drops 8.2%
FOXBusiness
Edison International's (EIX) third-quarter profit dropped 8.2% on lower energy prices in many areas.
Edison reported earnings of $403 million, or $1.23 a share, for the quarter, down from $439 million, or $1.33, in the year prior.
Earnings beat analyst expectations of $1.04 per share, according to Thomson Reuters.
Revenue at the energy holding company dropped 15% to $3.66 billion.
Shares of Edison rose 3.1% to $33.19.
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