Avista
Spokane energy company
| Stock symbol: AVA |
| Reporting period:
3Q 2012 |
| Earnings:
$5.8 million, 10 cents per share
Versus 3Q 2011: $10.7 million, 18 cents per share |
| Revenue:
$340.6 million, compared with $343.7 million in 3Q 2011. |
| Analysis: Quarterly results are below expectations, largely due to a decline in the performance of non-utility operations, namely energy-services subsidiary Ecova. But CEO Scott Morris said Avista is “well-positioned for the future at our utility, which contributes over 90 percent of our earnings.” |