Con Ed: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 05:47 PM ET
Last Updated - Dec 16, 2024, 05:34 PM EST
NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported third-quarter earnings of $588 million.
The New York-based company said it had net income of $1.69 per share. Earnings, adjusted for non-recurring gains, were $1.68 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The utility posted revenue of $4.09 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.02 billion.
