Consolidated Edison Reports Higher 3Q Profit
November 04 2019 - 6:52PM
Dow Jones News
By Kimberly Chin
Consolidated Edison Inc. (ED), commonly known as Con Edison or
Con Ed, reported a higher profit in the latest quarter, but missed
analysts' estimates on an adjusted basis.
The energy company said third-quarter profit rose to $473
million, or $1.42 a share, from $435 million, or $1.40 a share, a
year earlier. On an adjusted basis, Con Ed reported a profit of
$1.54 a share, compared with $1.57 a share a year earlier. Analysts
surveyed by FactSet expected an adjusted profit of $1.58 a
share.
Total operating revenue in the quarter was $3.37 billion.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
November 04, 2019 18:37 ET (23:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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