Consolidated Edison Inc. Reports 3% Fall In Q3 Earnings

(RTTNews) - Consolidated Edison Inc. (ED) reported earnings for third quarter that retreated from last year.

The company said its earnings came in at $424 million, or $1.45 per share. This was down from $436 million, or $1.49 per share, in last year's third quarter.

Analysts had expected the company to earn $1.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q3): $424 Mln. vs. $436 Mln. last year. -Earnings Decline (Y-o-Y): -2.8% -EPS (Q3): $1.45 vs. $1.49 last year. -EPS Decline (Y-o-Y): -2.7% -Analysts Estimate: $1.48