NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported third-quarter earnings of $688 million.
On a per-share basis, the New York-based company said it had profit of $1.90.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The utility posted revenue of $4.53 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $4.16 billion.
Con Ed expects full-year earnings in the range of $5.60 to $5.70 per share.
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