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NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported first-quarter earnings of $1.43 billion.
The New York-based company said it had net income of $4.05 per share. Earnings, adjusted for non-recurring gains, were $1.83 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share.
The utility posted revenue of $4.4 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.07 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