Consolidated Edison (ED) Tops Q4 Earnings Estimates

Consolidated Edison (ED) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.04%. A quarter ago, it was expected that this utility would post earnings of $1.58 per share when it actually produced earnings of $1.62, delivering a surprise of 2.53%.Over the last four quarters, the company has ...