02.11.2023 21:56:34 - dpa-AFX: Consolidated Edison Inc. Q3 Profit Decreases, misses estimates
WASHINGTON (dpa-AFX) - Consolidated Edison Inc. (ED) announced a profit for
third quarter that decreased from the same period last year and missed the
Street estimates.
The company's bottom line totaled $526 million, or $1.53 per share. This
compares with $613 million, or $1.73 per share, in last year's third quarter.
Excluding items, Consolidated Edison Inc. reported adjusted earnings of $561
million or $1.62 per share for the period.
Analysts on average had expected the company to earn $1.64 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
Consolidated Edison Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $526 Mln. vs. $613 Mln. last year.
-EPS (Q3): $1.53 vs. $1.73 last year.
-Analyst Estimates: $1.64
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