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NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported first-quarter profit of $791 million.
On a per-share basis, the New York-based company said it had net income of $2.25.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.
The utility posted revenue of $4.8 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $4.4 billion.
Con Ed expects full-year earnings in the range of $5.50 to $5.70 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ED at https://www.zacks.com/ap/ED