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NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported fourth-quarter earnings of $190 million.
The New York-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring costs, were 81 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The utility posted revenue of $4.03 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $3.52 billion.
For the year, the company reported profit of $1.66 billion, or $4.66 per share. Revenue was reported as $15.67 billion.
Con Ed expects full-year earnings in the range of $4.75 to $4.95 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ED">Zacks stock report on ED at https://www.zacks.com/ap/ED