Consolidated Edison Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Consolidated Edison Inc. (ED) announced a profit for third quarter that dropped from the same period last year.

The company's bottom line totaled $435 million, or $1.40 per share. This compares with $457 million, or $1.48 per share, in last year's third quarter.

Excluding items, Consolidated Edison Inc. reported adjusted earnings of $489 million or $1.57 per share for the period.

Analysts had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q3): $489 Mln. vs. $453 Mln. last year. -EPS (Q3): $1.57 vs. $1.47 last year. -Analysts Estimate: $1.46