Consolidated Edison Inc. (ED) released a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $588 million, or $1.70 per share. This compares with $526 million, or $1.53 per share, in last year's third quarter.
Excluding items, Consolidated Edison Inc. reported adjusted earnings of $583 million or $1.68 per share for the period.
Analysts on average had expected the company to earn $1.62 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): $588 Mln. vs. $526 Mln. last year.-EPS (Q3): $1.70 vs. $1.53 last year.
-Guidance:Full year EPS guidance: $5.30 to $5.40
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