WASHINGTON (dpa-AFX) - Consolidated Edison Inc. (ED) announced earnings for its third quarter that climbed from last year.
The company said its bottom line came in at $460 million, or $1.51 per share. This was higher than $424 million, or $1.45 per share, in last year's third quarter.
Analysts had expected the company to earn $1.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 0.6% to $3.42 billion. This was down from $3.44 billion last year.
Consolidated Edison Inc. earnings at a glance:
-Earnings (Q3): $460 Mln. vs. $424 Mln. last year. -Earnings Growth (Y-o-Y): 8.5% -EPS (Q3): $1.51 vs. $1.45 last year. -EPS Growth (Y-o-Y): 4.1% -Analysts Estimate: $1.47 -Revenue (Q3): $3.42 Bln vs. $3.44 Bln last year. -Revenue Change (Y-o-Y): -0.6%
-Guidance: Full year EPS guidance: $3.90 to $4.00
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