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Consolidated Edison Inc. Q2 adjusted earnings Beat Estimates

Consolidated Edison Inc. (ED) reported a profit for its second quarter that advanced from last year.

The company's earnings totaled $190 million, or $0.57 per share. This compares with $152 million, or $0.46 per share, in last year's second quarter.

Excluding items, Consolidated Edison Inc. reported adjusted earnings of $201 million or $0.60 per share for the period.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.5% to $2.78 billion from $2.74 billion last year.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q2): $201 Mln. vs. $189 Mln. last year.
-EPS (Q2): $0.60 vs. $0.58 last year.
-Analysts Estimate: $0.54
-Revenue (Q2): $2.78 Bln vs. $2.74 Bln last year.

Full year EPS guidance: $4.15 to $4.35

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