Con Edison Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Consolidated Edison, Inc. (ED) reported fourth-quarter net income for common stock of $81 million or $0.28 per share, compared to $234 million or $0.79 per share, prior year. Earnings from ongoing operations for the fourth quarter of 2014, which exclude the effects of the LILO transactions and the net mark-to-market effects of the CEBs, were $171 million or $0.58 per share, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.55 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $2.83 billion from $2.87 billion last year. Analysts expected revenue of $2.52 billion for the quarter.

For 2015, the company expects earnings from ongoing operations to be in the range of $3.80 to $4.00 per share. Analysts expect the company to report fiscal 2015 earnings per share of $3.93.