Con Edison-Consolidated Edison (ED) Q1 Earnings Lag Estimates

Consolidated Edison (ED) came out with quarterly earnings of $2.25 per share, missing the Zacks Consensus Estimate of$ 2.30 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.17%. A quarter ago, it was expected that this utility would post earnings of$ 0.97 per share when it actually produced earnings of $0.98, delivering a surprise of 1.03%.Over the last four quarters, the company ...