Consolidated Edison Inc
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Utilities : Multi-Utilities | Large Cap ValueCompany profile

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). CECONY's principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R's principal business operations are its regulated electric and gas delivery businesses. The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.

Closing Price
$79.01
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
79.24
Day's Low
78.18
Volume
(Average)
Volume:
1,852,638

10-day average volume:
1,910,983
1,852,638

UPDATE: GE's stock jumps after earnings missed, but revenue rose above expectations

11:53 am ET January 31, 2019 (MarketWatch)
Print

Shares of General Electric Co. (GE) shot up 3.1% in premarket trade Thursday, after the diversified industrial company reported a fourth-quarter profit that missed expectations but revenue that beat. GE swung to net income of $574 million, or 7 cents a share, from a loss of $11.00 billion, or $1.27 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 17 cents, below the FactSet consensus of 22 cents. Revenue rose 5% to $33.28 billion, beating the FactSet consensus of $32.23 billion. Within GE's business segments, power revenue fell 25% to $6.76 billion, below the FactSet consensus of $7.45 billion and aviation revenue rose 21% to $8.46 billion, beating expectations of $7.89 billion. Elsewhere, healthcare revenue rose 2% to $5.40 billion, just above the FactSet consensus of $5.39 billion, and renewable energy revenue climbed 28% to $3.36 billion to top expectations of $3.18 billion. Cash flow from operating activities (CFOA) was $6.39 billion, down from $6.98 billion a year ago. The stock has tumbled 43.7% over the past 12 months, while the Dow Jones Industrial Average has slipped 4.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 31, 2019 11:53 ET (16:53 GMT)

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