Consolidated Edison (ED) Tops Q3 EPS by 4c

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Go back to Consolidated Edison (ED) Tops Q3 EPS by 4c

Con Edison Reports 2016 Third Quarter Earnings

November 3, 2016 5:42 PM EDT

NEW YORK, NY -- (Marketwired) -- 11/03/16 --

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported third quarter net income of $497 million or $1.63 a share compared with $428 million or $1.46 a share in 2015. Adjusted earnings, which exclude the effects of a gain on the sale of the competitive energy businesses' (CEBs) retail electric supply business, a gain related to a solar electric production investment, the impairment of assets held for sale in 2015 and the net mark-to-market effects of the CEBs, were $460 million or $1.51 a share in 2016 compared with $424 million or $1.45 a... More