Consolidated Edison Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Consolidated Edison Inc. (ED) announced earnings for its first quarter that advanced from last year.

The company's earnings totaled $428 million, or $1.38 per share. This compares with $388 million, or $1.27 per share, in last year's first quarter.

Excluding items, Consolidated Edison Inc. reported adjusted earnings of $428 million or $1.38 per share for the period.

Analysts had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q1): $428 Mln. vs. $386 Mln. last year. -EPS (Q1): $1.38 vs. $1.27 last year. -Analysts Estimate: $1.29