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Consolidated Edison Inc. Q1 adjusted earnings Beat Estimates

Consolidated Edison Inc. (ED) announced earnings for first quarter that fell from last year.

The company's bottom line came in at $424 million, or $1.31 per share. This compares with $428 million, or $1.38 per share, in last year's first quarter.

Excluding items, Consolidated Edison Inc. reported adjusted earnings of $448 million or $1.39 per share for the period.

Analysts had expected the company to earn $1.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q1): $448 Mln. vs. $428 Mln. last year.
-EPS (Q1): $1.39 vs. $1.38 last year.
-Analysts Estimate: $1.37

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