Con Ed: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 05:37 PM ET
Last Updated - Jun 21, 2023, 10:36 PM EDT
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.
