Consolidated Edison Inc. (ED) announced fiscal third quarter results with EPS of $1.16, which beat both the Zacks Consensus Estimate of $1.04 and the year-ago profit of 98 cents.   New York City-based Consolidated Edison  is a diversified utility holding company with subsidiaries engaged in both regulated and unregulated businesses. Consolidated Edison’s regulated businesses operate through two subsidiaries — Consolidated Edison Company of New York (Con Edison of New York) and Orange and Rockland Utilities (O&R).    Con Edison of New York is a regulated utility that provides electricity to roughly 3.3 million customers, natural gas to 1.1 million customers, and steam services to about 1,850 customers, primarily in New York City and Westchester County. O&R serves nearly 400,000 electric and gas customers in southeastern New York State, northern New Jersey, and northeastern Pennsylvania.   Consolidated Edison’s unregulated businesses operate through three subsidiaries: Consolidated Edison Development (engaged in

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

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Willdan Group, Inc., a provider of outsourced and consulting services to public agencies located primarily in California and other western states, recently announced that its wholly-owned subsidiary, Willdan Energy Solutions, was awarded a $67 million contract by Consolidated Edison Company of New York, Inc., (Con Edison), a subsidiary of Consolidated Edison, Inc. (NYSE: ED).

Under the terms of the contract, designed by Con Edison to help the State of New York achieve its energy and greenhouse gas emissions reduction goals, Willdan Energy Solutions will implement Con Edison’s new energy efficiency program for small business customers. This program will offer small businesses free energy surveys, up to 70 percent off the installed cost for most energy-saving measures, and no-cost installation of equipment, including compact fluorescent lamps, water faucet aerators and high-pressure rinse valves. The initial contract work will commence in the current quarter, with most of the work scheduled to be completed

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Consolidated Edison Inc.’s (ED) fiscal second-quarter earnings stood at 48 cents per share that beat the Zacks Consensus Estimate by a penny and was ahead of the year-ago EPS of 42 cents. However, GAAP EPS of 55 cents was almost one-fourth of the year-ago figure of $2.02. However, year-ago quarterly earnings were boosted by a $260 million gain on sale of assets.

The EPS variations reflect the year-over-year differences, where Con Edison of New York benefited from 28 cents per share as higher rates authorized higher recovery of costs. This was partially offset by 6 cents from higher operations and maintenance expense, 12 cents from depreciation and 5 cents from interest expense, and 1 cent from dilutive stock issuance. The net effect was a 4-cent spike in EPS year over year while Orange and Rockland utilities remained steady.   The real variation in EPS year over year came from Competitive

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Consolidated Edison, Inc. (NYSE: ED) today reported second quarter earnings of $150 million or $0.55 a share compared with $552 million or $2.02 a share in 2008. Excluding items identified in the table below, earnings from ongoing operations were $131 million or $0.48 a share compared with $114 million or $0.42 a share in 2008.

Antigenics Inc. (NASDAQ: AGEN) today announced that it has entered into definitive agreements to sell in a private placement approximately 4.4 million shares of its common stock at a price of $2.28 per share, resulting in gross proceeds to the company of $10 million, before

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Consolidated Edison Reports Lower Results, but In-Line with ExpectationsConsolidated Edison (ED) reported 1st quarter 2009 earnings of $180 million, or $0.66 per share, down 41% compared to $303 million, or $1.11 a share, in the 1st quarter of 2008. Excluding extraordinary non-recurring items, earnings from ongoing operations were $214 million, or $0.78 per share, down 10% from $237 million, or $0.87 per share, in the comparable period of 2008.ConEd's reported operating earnings results for the 1st quarter beat our estimate of $0.77 per share by a penny per share.Earnings results in the reported 1st quarter results were in-line with the company's expectations, which reflected a lower allowed return on equity for Con Edison of New York's electric service.Total revenue during the reported quarter of $3,423 million represented a 4% decline from the year-ago quarter, and was 1% below our estimate ...

Consolidated Edison Inc. (ED) broke through a long-term level of resistance at $40.52. The consensus estimate on this Zacks #1 Rank (“Strong buy”) stock's fiscal 2009 earnings has gone up by 2 cents to $3.18 per share in the last month.

"ED" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research