Consolidated Edison Q2 2024 Adj EPS $0.59 Beats $0.57 Estimate, Sales $3.22B Beat $3.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Edison (NYSE:ED) reported Q2 2024 adjusted EPS of $0.59, beating the $0.57 estimate. Sales were $3.22 billion, surpassing the $3.18 billion estimate and marking a 9.38% increase from the previous year.
August 01, 2024 | 9:02 pm
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Consolidated Edison reported Q2 2024 adjusted EPS of $0.59, beating the $0.57 estimate. Sales were $3.22 billion, surpassing the $3.18 billion estimate and marking a 9.38% increase from the previous year.
The company's earnings and sales both exceeded analyst expectations, which is likely to have a positive short-term impact on the stock price. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100