Consolidated Edison (ED) Q4 Earnings Beat Estimates, Revenues Miss

Shares of Consolidated Edison, Inc. (ED) fell 1% to reach $87.32 on Feb 16, following the company’s latest report.The company reported fourth-quarter 2023 adjusted earnings of$1 per share, which beat the Zacks Consensus Estimate of 98 cents by 2%. The bottom line also increased a solid 23.5% from 81 cents recorded in the prior-year quarter.Barring one-time adjustments, the company posted GAAP earnings of 97 cents per share compared with 53 cents in the fourth quarter of 2022.For 2023, the company generated ...