Consolidated Edison rises after Q4 profit beat

Consolidated Edison

21/02/2025 15:31

** Shares of utility Consolidated Edison  ED.N  rise 2.3% to
$97.99 
    ** Company beats Q4 profit estimates helped by higher
electricity rates
    ** Reports Q4 adj profit of 98 cents/share vs est of 95
cents/share - data compiled by LSEG
    ** Company expects its adj profit for 2025 to be between
$5.50 and $5.70/share vs estimate of $5.63/share
    ** ED expects its capital expenditure to be $5.12 billion in
2025 and $8.07 billion in 2026
    ** Including session's moves, shares were up 9.6% YTD

 (Reporting by Katha Kalia)
 ((katha.kalia@thomsonreuters.com))