Consolidated Edison (ED) Tops Q4 EPS by 7c, Offers FY Guidance

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Go back to Consolidated Edison (ED) Tops Q4 EPS by 7c, Offers FY Guidance

Con Edison Reports 2015 Earnings

February 18, 2016 5:17 PM EST

NEW YORK, NY -- (Marketwired) -- 02/18/16 --

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2015 net income of $1,193 million or $4.07 a share compared with $1,092 million or $3.73 a share in 2014. Adjusted earnings, which exclude the impairment of certain assets held for sale, the gain on sale of solar electric production projects, the impact of lease in/lease out (LILO) transactions and the net mark-to-market effects of the competitive energy businesses (CEBs) were $1,196 million or $4.08 a share in 2015 compared with $1,140 million or $3.89 a share in 2014.

For the fourth quarter of 2015,... More