Edison International beats profit estimates on lower expenses, rate hikes
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Edison Internationalreported a first-quarter profit of $1.37 per share, surpassing analysts' expectations of $1.20, due to reduced operating and interest expenses. Interest expenses dropped 32.2% to $301 million, while total operating expenses fell 56.2% to $1.7 billion. The company reaffirmed its 2025 adjusted earnings forecast of $5.94 to $6.34 per share. CEO Pedro Pizarro addressed ongoing lawsuits related to wildfires, emphasizing efforts to enhance grid reliability in affected areas.
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