Consolidated Edison Q1 EPS $2.08, Sales $4.280B Miss $4.399B Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Edison reported Q1 earnings per share (EPS) of $2.08 and sales of $4.280 billion, missing the sales estimate of $4.399 billion.
May 02, 2024 | 8:45 pm
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Consolidated Edison's Q1 sales missed estimates, reporting $4.280 billion against the expected $4.399 billion.
Missing sales estimates can lead to negative investor sentiment and potentially lower stock prices in the short term as it may indicate operational or market challenges.
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IMPORTANCE 90
RELEVANCE 100