WASHINGTON (dpa-AFX) - Consolidated Edison Inc. (ED) revealed a profit for its fourth quarter that advanced from last year.
The company said its bottom line advanced to $178 million, or $0.61 per share. This was higher than $171 million, or $0.58 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 4.2% to $2.71 billion. This was down from $2.83 billion last year.
Consolidated Edison Inc. earnings at a glance:
-Earnings (Q4): $178 Mln. vs. $171 Mln. last year. -Earnings Growth (Y-o-Y): 4.1% -EPS (Q4): $0.61 vs. $0.58 last year. -EPS Growth (Y-o-Y): 5.2% -Analysts Estimate: $0.54 -Revenue (Q4): $2.71 Bln vs. $2.83 Bln last year. -Revenue Change (Y-o-Y): -4.2%
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