Consolidated Edison (ED) Tops Q3 EPS by 11c; Raises FY18 EPS Guidance
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Con Edison Reports 2018 Third Quarter Earnings
November 1, 2018 4:40 PM EDTNEW YORK, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2018 third quarter net income of $435 million or $1.40 a share compared with $457 million or $1.48 a share in 2017. Adjusted earnings, which exclude the income tax expense resulting from a re-measurement in the 2018 period of the company's deferred tax assets and liabilities following the issuance of proposed regulations relating to the Tax Cuts and Jobs Act of 2017 (TCJA), transaction costs related to the pending acquisition of Sempra Solar Holdings, LLC and the net mark-to-market effects of Con Edison Clean Energy Businesses, Inc. (the... More
