BUZZ-Consolidated Edison rises after Q4 profit beat

Reuters

02-21

BUZZ-Consolidated Edison rises after Q4 profit beat

** 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))

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