Con Ed: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported third-quarter profit of $526 million.
On a per-share basis, the New York-based company said it had net income of $1.52. Earnings, adjusted for non-recurring costs, were $1.62 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The utility posted revenue of $3.87 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.82 billion.
Con Ed expects full-year earnings in the range of $5 to $5.10 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ED at https://www.zacks.com/ap/ED
