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SECURITY: HE  (Common)   EXCHANGE: New York Stock Exchange

HEI is the largest Hawaii-based company, providing electric utility services to 95% of Hawaii's residents and a wide array of banking services to consumers and businesses through the state's third largest bank

HEI Reports Third Quarter 2017 Earnings Of $60.1 Million
Diluted Earnings Per Share of $0.55
Utility Earnings Flat
Bank Earnings Strong

HONOLULU, Nov. 2, 2017 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) today reported consolidated net income for common stock for the third quarter of 2017 of $60.1 million and diluted earnings per share (EPS) of $0.55 compared to $127.1 million and EPS of $1.17 for the third quarter of 2016.  Third quarter of 2016 core earnings1 and core EPS1 were $63.3 million and $0.58, respectively.  HEI's third quarter of 2016 core earnings1 included $6 million of favorable tax adjustments at the holding company as HEI moved out of a federal net operating loss position, enabling the recognition of tax benefits.  

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