Con Ed: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported third-quarter profit of $766 million.

The New York-based company said it had profit of $2.06 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The utility posted revenue of $4.91 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $4.77 billion.

Con Ed expects full-year earnings in the range of $6.05 to $6.15 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ED at https://www.zacks.com/ap/ED