Consolidated Edison Inc. (ED) Thursday posted fourth quarter net income of $202 million or $0.73 per share, compared to $160 million or $0.58 per share in the prior year quarter. Excluding certain items, earnings from ongoing operations for the fourth quarter were $184 million or $0.67 per share, compared to $200 million or $0.72 per share in the same quarter last year.
On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter were $3.3 billion, compared to $3.0 billion in last year quarter. Four Wall Street analysts expected revenues of $2.99 billion.
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