Hawaiian Electric Industries’ Q3 report shows decrease in net income

Hawaiian Electric Industries Inc. (NYSE: HE), which has three lines of business – utilities, banking (American Savings Bank) and non-regulated sustainable infrastructure (Pacific Current) — reported a decrease in net income this quarter.

HEI’s consolidated reported earnings reached $63.4 million in net income, and $0.58 diluted earnings per share, compared to $65.9 million and EPS of $0.60 in the third quarter of 2018.

“HEI’s third quarter earnings were consistent with our expectations,…

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