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News Breaks | | | | February 20, 2013 | | 07:11 EDT |  | AVA | Avista reports Q4 EPS 26c, consensus 45c
Reports Q4 revenue $410.53M, consensus $450.45M. The decrease in quarterly utility earnings was primarily due to an increase in other operating expenses, depreciation and amortization, and interest expense. This was partially offset by a slight increase in gross margin and a decrease in taxes other than income taxes. We estimate that warmer weather, as compared to the 4Q11, decreased our utility earnings contribution by 10c per diluted share, and costs under the voluntary severance incentive plan reduced earnings by 8c per diluted share. Other factors, with the most significant being general rate increases, partially offset by expected increases in other operating expenses, depreciation and amortization, and interest expense, had a net positive impact of 8c per diluted share for 4Q12 as compared to 2011. | |
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