Consolidated Edison Inc. (ED) has reported its second-quarter earnings, showing a decline from the previous year's figures but surpassing analysts' expectations.
The company posted earnings of $202 million, or $0.58 per share, compared to $226 million, or $0.65 per share, in the same period last year.
On an adjusted basis, excluding special items, Consolidated Edison Inc. achieved earnings of $203 million, or $0.59 per share for the quarter.
According to data compiled by Thomson Reuters, analysts had, on average, projected the company to earn $0.57 per share. It is important to note that analysts' estimates typically exclude special items.
Summary of Consolidated Edison Inc.'s Earnings (GAAP) for Q2:
- Earnings: $202 million versus $226 million last year
- EPS: $0.58 compared to $0.65 last year
