NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported first-quarter earnings of $720 million.
On a per-share basis, the New York-based company said it had net income of $2.08. Earnings, adjusted for non-recurring costs, came to $2.15 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The utility posted revenue of $4.28 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $4.41 billion.
Con Ed expects full-year earnings in the range of $5.20 to $5.40 per share.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
