Previous close | 18.70 |
Open | 18.70 |
Bid | 18.10 |
Ask | 23.00 |
Strike | 75.00 |
Expiry date | 2024-08-16 |
Day's range | 18.70 - 18.70 |
Contract range | N/A |
Volume | |
Open interest | 67 |
ED's Adjusted Earnings Outperform as the Company Advances in Clean Energy Transition
Con Ed (ED) delivered earnings and revenue surprises of 13.76% and 2.89%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Electric and gas utility firm Consolidated Edison beat Wall Street estimates for first-quarter profit on Thursday, helped by higher electricity rates and lower operating expenses. On an adjusted basis, the New York-based company said it earned $2.15 per share in the January-March quarter, compared with analysts' estimate of $1.88 per share, according to LSEG data. Consolidated Edison provides electric and gas services to about 5.1 million customers through its subsidiaries, mainly in some boroughs of New York City - Manhattan, the Bronx, parts of Queens - and parts of adjoining Westchester County.