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Consolidated Edison Q4 Profit Down

Consolidated Edison Inc. (ED) Thursday reported fourth-quarter net income of $43 million or $0.13 per share, compared to $295 million or $0.89 a share last year.

Adjusted earnings were $253 million or $0.75 per share, down from $288 million or $0.87 per share last year.

Total operating revenues for the fourth quarter grew to $2.96 billion from $2.95 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $0.76 per share and revenues of $3.18 billion.

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