Consolidated Edison Inc. Reveals 5% Retreat In Q1 Bottom Line

(RTTNews) - Consolidated Edison Inc. (ED) reported earnings for first quarter that dropped compared to the same period last year.

The company said its earnings declined to $348 million, or $1.18 per share. This was lower than $365 million, or $1.25 per share, in last year's first quarter.

Analysts had expected the company to earn $1.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q1): $348 Mln. vs. $365 Mln. last year. -Earnings Decline (Y-o-Y): -4.7% -EPS (Q1): $1.18 vs. $1.25 last year. -EPS Decline (Y-o-Y): -5.6% -Analysts Estimate: $1.21