CON EDISON REPORTS 2024 EARNINGS
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Consolidated Edison, Inc. (NYSE: ED) reported a decrease in 2024 net income to $1,820 million or $5.26 per share from $2,519 million or $7.25 per share in 2023. However, adjusted earnings increased to $1,868 million or $5.40 per share from $1,762 million or $5.07 per share in 2023.
February 20, 2025 | 10:00 pm
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NEUTRAL IMPACT
Con Edison reported a decline in 2024 net income but an increase in adjusted earnings compared to 2023. This mixed result may lead to varied investor reactions.
The decrease in net income might concern investors, but the increase in adjusted earnings could offset some of the negative sentiment. The mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100