IdaCorp: 4Q Earnings Snapshot
BOISE, Idaho (AP) _ IdaCorp Inc. (IDA) on Thursday reported fourth-quarter net income of $26.1 million.
On a per-share basis, the Boise, Idaho-based company said it had net income of 52 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The utility company posted revenue of $311.9 million in the period.
For the year, the company reported profit of $226.8 million, or $4.49 per share. Revenue was reported as $1.37 billion.
IdaCorp shares have climbed roughly 6 percent since the beginning of the year. The stock has climbed 17 percent in the last 12 months.