NEW YORK (AP) _ Consolidated Edison Inc. (ED) on Thursday reported fourth-quarter net income of $295 million.

The New York-based company said it had profit of 88 cents per share. Earnings, adjusted for non-recurring gains, came to 86 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The utility posted revenue of $2.95 billion in the period.

For the year, the company reported profit of $1.34 billion, or $4.08 per share. Revenue was reported as $12.57 billion.

Con Ed expects full-year earnings in the range of $4.30 to $4.50 per share.

Con Ed shares have climbed 4.5% since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 4%. In the final minutes of trading on Thursday, shares hit $94.53, a climb of 20% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ED at https://www.zacks.com/ap/ED

Automated Insights, source Associated Press News