Consolidated Edison Inc. Earnings Retreat 21% In Q2

(RTTNews) - Consolidated Edison Inc. (ED) revealed a profit for second quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $179 million, or $0.60 per share. This was down from $228 million, or $0.78 per share, in last year's second quarter.

Analysts had expected the company to earn $0.69 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance:

-Earnings (Q2): $179 Mln. vs. $228 Mln. last year. -Earnings Decline (Y-o-Y): -21.5% -EPS (Q2): $0.60 vs. $0.78 last year. -EPS Decline (Y-o-Y): -23.1% -Analysts Estimate: $0.69