Consolidated Edison (ED) PT Raised to $78 at Credit Suisse

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Go back to Consolidated Edison (ED) PT Raised to $78 at Credit Suisse

Con Edison Reports 2018 Earnings

February 21, 2019 4:50 PM EST

NEW YORK, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2018 net income of $1,382 million or $4.43 a share compared with $1,525 million or $4.97 a share in 2017. Adjusted earnings were $1,349 million or $4.33 a share in 2018 compared with $1,264 million or $4.12 a share in 2017. Adjusted earnings for 2018 exclude the income tax expense resulting from a re-measurement of the company's deferred tax assets and liabilities following the issuance of proposed regulations relating to the Tax Cuts and Jobs Act of 2017 (TCJA), the effects of the net gain on the acquisition of Sempra... More