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Consolidated Edison Inc. (ED) released a profit for second quarter that declined from the same period last year.


RTTNews | Aug 5, 2021 05:06PM EDT

17:05 Thursday, August 5, 2021 (RTTNews.com) - Consolidated Edison Inc. (ED) released a profit for second quarter that declined from the same period last year.

The company's bottom line totaled $165 million, or $0.48 per share. This compares with $190 million, or $0.57 per share, in last year's second quarter.

Excluding items, Consolidated Edison Inc. reported adjusted earnings of $182 million or $0.53 per share for the period.

Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q2): $182 Mln. vs. $201 Mln. last year.-EPS (Q2): $0.53 vs. $0.60 last year.-Analysts Estimate: $0.60

-Guidance:Full year EPS guidance: $4.15 to $4.35

Read the original article on RTTNews ( https://www.rttnews.com/3216687/consolidated-edison-inc-q2-adjusted-earnings-miss-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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