WASHINGTON (dpa-AFX) - Consolidated Edison Inc. (ED) released a profit for second quarter that declined from the same period last year.
The company's bottom line totaled $165 million, or $0.48 per share. This compares with $190 million, or $0.57 per share, in last year's second quarter.
Excluding items, Consolidated Edison Inc. reported adjusted earnings of $182 million or $0.53 per share for the period.
Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Consolidated Edison Inc. earnings at a glance:
-Earnings (Q2): $182 Mln. vs. $201 Mln. last year. -EPS (Q2): $0.53 vs. $0.60 last year. -Analysts Estimate: $0.60
-Guidance: Full year EPS guidance: $4.15 to $4.35
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