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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Consolidated Edison Inc | NYSE:ED | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.13 | 0.14% | 95.38 | 96.76 | 94.97 | 95.88 | 2,462,172 | 01:00:00 |
From May 2019 to May 2024
By Kimberly Chin
Consolidated Edison Inc., commonly known as Con Edison or Con Ed, said profit fell in the fiscal first quarter, driven by lower operating revenues and slightly higher expenses.
The energy company said profit was $375 million, or $1.13 a share, compared with $424 million, or $1.31 a share, a year earlier. Excluding the accounting effects of tax equity investments for certain renewable energy production projects, Con Ed reported an adjusted profit of $1.35 a share. Analysts surveyed by FactSet expected an adjusted profit of $1.40 a share.
The company had higher depreciation and amortization expenses as well as higher net interest expenses.
Total operating revenues fell to $3.23 billion from $3.51 billion a year ago.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
May 07, 2020 19:33 ET (23:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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