NEW YORK (AP) — NEW YORK (AP) — Consolidated Edison Inc. (ED) on Thursday reported first-quarter earnings of $720 million.

On a per-share basis, the New York-based company said it had net income of $2.08. Earnings, adjusted for non-recurring costs, came to $2.15 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.

The utility posted revenue of $4.28 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $4.41 billion.

Con Ed expects full-year earnings in the range of $5.20 to $5.40 per share.

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