Edison Expects Profit to Decline This Year
From Reuters
Edison International forecast a drop in 2006 profit on reduced earnings from power generation and investments.
Net income is expected to drop to $3.13 a share this year from $3.47 in 2005, Edison said. Excluding a gain from a power-plant sale, costs for early debt retirement and benefits from a tax settlement, Edison forecast 2006 profit of $2.91 a share.
Shares of Rosemead-based Edison fell 29 cents to $39.03.
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