(Reuters) - Electric and gas utility Consolidated Edison beat second-quarter profit estimates on Thursday, as customers cranked up air conditioners and refrigerators during hotter weather.
The company reported an adjusted profit of 59 cents per share for the quarter ended June 30, compared to analysts' average estimate of 57 cents per share, according to LSEG data.
Con Edison's quarterly total operating revenue saw a nearly 9.4% rise to $3.22 billion, from $2.94 billion in the year-ago quarter.
The United States saw a heat wave stretch from central to eastern portions of the country, boosting earnings for utilities.
The company did, however, see 13.9% higher operations and maintenance expenses from the year-ago quarter.