Consolidated Edison (ED) Misses Q1 EPS by 6c

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Go back to Consolidated Edison (ED) Misses Q1 EPS by 6c

Con Edison Reports 2020 First Quarter Earnings

May 7, 2020 4:41 PM EDT

NEW YORK, May 07, 2020 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2020 first quarter net income for common stock of $375 million or $1.13 a share compared with $424 million or $1.31 a share in the 2019 first quarter. Adjusted earnings were $451 million or $1.35 a share in the 2020 period compared with $448 million or $1.39 a share in the 2019 period. Adjusted earnings in the 2020 and 2019 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable electric production projects of Con Edison Clean Energy Businesses, Inc. (the Clean... More