BUZZ-Consolidated Edison rises after Q4 profit beat
ReutersFeb 21, 2025 3:31 PM
Shares of utility Consolidated Edison ED.N rise 2.3% to $97.99
Company beats Q4 profit estimates helped by higher electricity rates
Reports Q4 adj profit of 98 cents/share vs est of 95 cents/share - data compiled by LSEG
Company expects its adj profit for 2025 to be between $5.50 and $5.70/share vs estimate of $5.63/share
ED expects its capital expenditure to be $5.12 billion in 2025 and $8.07 billion in 2026
Including session's moves, shares were up 9.6% YTD
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