May. 29, 2014, 6:47 PM
- Avista (AVA) +5% AH after non-regulated subsidiary Avista Capital agrees to sell its Ecova unit, which provides expense management services for utility and telecom needs, to Cofely USA, a subsidiary of GDF Suez (GDFZY, GDSZF) for $335M.
- AVA says it expects to use most of the proceeds to buy back stock and invest in its businesses.
Oct. 22, 2012, 11:48 AMAvista (AVA -3.4%) shares slump after reporting preliminary Q3 EPS of $0.10 vs. $0.18 in the year-ago quarter and $0.19 analyst consensus estimate. The energy company slashes its full-year guidance, citing weak results at its Ecova energy management business and losses at its other non-utility businesses. | Comment!
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Avista Corp is an electric and natural gas utility company. Itgenerates, transmits and distributes electricity and distributes natural gas, serving electric and gas customers in eastern Washington and northern Idaho and gas customers in parts of Oregon.
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