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0.0050577097652704 0.0050577097652704 0.0050577097652704 0.0050577097652704 0.00427960057061339 -0.0014265335235378 -0.0014265335235378 -0.0014265335235378
Stock impact report

Con Edison Reports 2017 Earnings

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) today reported 2017 net income of $1,525 million or $4.97 a share compared with $1,245 million or $4.15 a share in 2016. Adjusted earnings were $1,264 million or $4.12 a share in 2017 compared with $1,198 million or $3.99 a share in 2016. Adjusted earnings for 2017 exclude the re-measurement of Con Edison's deferred tax assets and liabilities upon enactment of the Tax Cuts and Jobs Act of 2017 (TCJA), the effects of the gain on the sale of a solar electric production project and the net mark-to-market of Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses or the CEBs). Adjusted earnings for 2016 exclude the effects of the gain on the sale of the CEBs' retail electric supply business, the goodwill impairment of the CEBs' energy service business and the net mark-to-market of the CEBs. For the fourth quarter of 2017, net income was $505 million or $1.63 a share compared with Show less Read more
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