NEW YORK (AP) _ Consolidated Edison Inc. (ED) on Thursday reported fourth-quarter net income of $224 million.

On a per-share basis, the New York-based company said it had profit of 63 cents. Earnings, adjusted for one-time gains and costs, came to $1 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The utility posted revenue of $3.42 billion in the period.

For the year, the company reported profit of $1.35 billion, or $3.85 per share. Revenue was reported as $13.68 billion.

Con Ed expects full-year earnings in the range of $4.40 to $4.60 per share.

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

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