UPDATE: Edison International Reports Q1 Profit of $200 million

Edison International EIX reported its Q1 profit at $200 million, or $0.61 per share, down from $236 million, or $0.72 per share, in the year-earlier period. The company's core earnings came in at $0.62 per share. The company's revenue increased to $2.33 billion, from $2.31 billion. Edison International continues to project 2011 core earnings of $2.60 to $2.90 per share. Edison's Southern California Edison utility unit's net income came in at $0.68 per share. However, its Edison Mission Group trading and retail electricity unit's reported a loss of $0.06 per share. EIX shares closed at $39.27 on Friday. Read more from Benzinga's Company news.