Consolidated Edison Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Consolidated Edison Inc. (ED) revealed a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings came in at $688 million, or $1.91 per share. This compares with $588 million, or $1.70 per share, last year.

Excluding items, Consolidated Edison Inc. reported adjusted earnings of $686 million or $1.90 per share for the period.

Analysts on average had expected the company to earn $1.75 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.7% to $4.530 billion from $4.092 billion last year.

Consolidated Edison Inc. earnings at a glance (GAAP) :

-Earnings: $688 Mln. vs. $588 Mln. last year. -EPS: $1.91 vs. $1.70 last year. -Revenue: $4.530 Bln vs. $4.092 Bln last year.

-Guidance: Full year EPS guidance: $5.60 - $5.70