Idacorp Inc. reported its earnings for the first quarter which, unfortunately, not only decreased from the previous year, but also fell short of expectations on Wall Street.
On the bottom line, the company's earnings were $48.17 million or $0.95 per share, a drop from last year's first quarter earnings of $56.10 million or $1.11 per share.
The expectations of analysts, as collated by Thomson Reuters, were an average earnings of $1.15 per share. This estimation usually excludes any special items.
Considering earnings from a broader perspective (as per GAAP), in the first quarter, Idacorp Inc. earnings were at $48.17 million compared to $56.10 million in the same period last year. The earnings per share (EPS) shrunk from $1.11 in the previous year to $0.95.
Looking forward to the rest of this year, the company's guidance indicates a full year EPS expected to range between $5.25 and $5.45.
