Consolidated Edison (ED) Q2 Earnings and Revenues Surpass Estimates

Consolidated Edison (ED) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.27%. A quarter ago, it was expected that this utility would post earnings of $1.89 per share when it actually produced earnings of $2.15, delivering a surprise of 13.76%. Over the last four quarters, the compa ...