Consolidated Edison Inc. (ED) revealed earnings for second quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $202 million, or $0.58 per share. This compares with $226 million, or $0.65 per share, in last year's second quarter.
Excluding items, Consolidated Edison Inc. reported adjusted earnings of $203 million or $0.59 per share for the period.
Analysts on average had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Consolidated Edison Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $202 Mln. vs. $226 Mln. last year.
-EPS (Q2): $0.58 vs. $0.65 last year.
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