CORRECTED-BUZZ-Hawaiian Electric Industries falls after posting Q4 loss

Reuters
24 Feb
CORRECTED-BUZZ-Hawaiian Electric Industries falls after posting Q4 loss

Corrects to remove bullet with incorrect adjusted profit number, corrects to add "Industries" to company name in headline and bullet 1

** Shares of utility firm Hawaiian Electric Industries HE.N fall 3.8% to $10.35 premarket

** Company posts fourth-quarter loss due to discontinued operations, Maui wildfire-related expenses and the Pacific Current asset impairment

** HE posts a net loss of $68 million in Q4 compared with net income of $49 million a year ago

** As of last close, shares were up 10.6% YTD

(Reporting by Katha Kalia)

((katha.kalia@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10