Con Edison Q3 adj. EPS $1.68 beats prior year; FY guidance narrowed to upper half $5.30-$5.40

CONSOLIDATED EDISON INC

2024-Q3 EPS reported $4.35 revenue$11,587,000,000

Q3 net income $588M ($1.70 GAAP EPS) vs $526M ($1.53) YoY; adjusted EPS $1.68 vs $1.62.
Nine-month adjusted EPS $4.42 vs $4.07; GAAP net income $1,510M down from $2,185M due to 2023 sale gain.
FY 2024 adj. EPS guidance narrowed to $5.30-$5.40 from $5.20-$5.40.
CEO cites continued investment in clean energy infrastructure and grid resilience.
CFO cites solid results and outlook as basis for guidance revision.

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