Hawaiian Electric falls after posting Q4 loss

Hawaiian Electric Industries

24/02/2025 14:23

** Shares of utility firm Hawaiian Electric  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
    ** However, adj EPS of 40 cents was in line with analysts' 
est - data compiled by LSEG
    ** As of last close, shares were up 10.6% YTD
    

 (Reporting by Katha Kalia)
 ((katha.kalia@thomsonreuters.com))