WASHINGTON (dpa-AFX) - Consolidated Edison Inc. (ED) released a profit for second quarter that dropped compared to the same period last year.
The company said its earnings came in at $179 million, or $0.60 per share. This was lower than $228 million, or $0.78 per share, in last year's second quarter.
Analysts had expected the company to earn $0.69 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Revenue came in at $2.79 billion, equal to the mark posted in the same period last year.
Consolidated Edison Inc. earnings at a glance:
-Earnings (Q2): $179 Mln. vs. $228 Mln. last year. -Earnings Decline (Y-o-Y): -21.5% -EPS (Q2): $0.60 vs. $0.78 last year. -EPS Decline (Y-o-Y): -23.1% -Analysts Estimate: $0.69 -Revenue (Q2): $2.79 Bln vs. $2.79 Bln last year. -Revenue Change (Y-o-Y): 0%
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