Consolidated Edison (ED) Misses Q3 EPS by 2c

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Go back to Consolidated Edison (ED) Misses Q3 EPS by 2c

Con Edison Reports 2020 Third Quarter Earnings

November 5, 2020 5:15 PM EST

NEW YORK, Nov. 5, 2020 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2020 third quarter net income for common stock of $493 million or $1.47 a share compared with $473 million or $1.42 a share in the 2019 third quarter. Adjusted earnings were $495 million or $1.48 a share in the 2020 period compared with $513 million or $1.54 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... More