Consolidated Edison Q4 Adj EPS $1.00 Beats $0.96 Estimate, Sales $3.44B Miss $3.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Edison (NYSE:ED) reported Q4 adjusted EPS of $1.00, surpassing the $0.96 estimate, marking a 23.46% year-over-year increase. However, its sales of $3.44B fell short of the $3.70B estimate, a 14.66% decrease from the previous year.
February 15, 2024 | 10:01 pm
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Consolidated Edison reported a Q4 adjusted EPS of $1.00, beating estimates, but sales missed expectations at $3.44B.
The positive earnings beat suggests operational efficiency and could be favorable for investor sentiment. However, the miss on sales forecasts indicates potential challenges in revenue growth, creating a mixed outlook that could lead to neutral short-term stock price movement.
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