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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, posted a lower profit in the latest quarter, beating analysts' profit estimates though it missed sales projections.
The power company said profit for the fourth quarter fell to $295 million, or 88 cents a share, from $331 million, or $1.05 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 87 cents a share, compared with 77 cents a share a year earlier. Analysts surveyed by FactSet expected an adjusted profit of 80 cents a share.
Total operating revenues were $2.95 billion, a 0.1% decrease from a year earlier. Analysts were looking for revenue of $3.12 billion.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 20, 2020 17:31 ET (22:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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