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The company reported earnings of $81 million, or 28 cents per share, down from $234 million, or 79 cents per share, last year. Excluding special items, earnings were 58 cents per share – above analysts’ view of 55 cents per share.
Revenue dipped 1% to $2.83 billion from $2.87 billion. Analysts expected to see revenue of $2.52 billion.
Looking ahead to FY2015, the company expects EPS to be between $3.80 and $4.00. Analysts expect to see EPS of $3.93 per share.
ED is currently trading at about 16x 2015 earnings estimates and has a dividend yield of 4.10%.
|VTSMX||Vanguard Total Stock Market Index||1.72%|
|VFINX||Vanguard 500 Index||1.31%|
|LCEAX||Invesco Diversified Dividend||0.89%|
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