Daily Journal masthead

Exelon posts 2Q profit of $638 million, result tops expectations

bug
Share/Save/Bookmark

CHICAGO — Exelon Corp. (EXC) on Wednesday reported second-quarter net income of $638 million.

The Chicago-based company said it had net income of 74 cents per share. Earnings, adjusted for one-time gains and costs, were 59 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The energy company posted revenue of $6.51 billion in the period.

Exelon expects full-year earnings in the range of $2.35 to $2.55 per share.

Exelon shares have dropped 16 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 percent. The stock has dropped 3 percent 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 EXC at http://www.zacks.com/ap/EXC

_____

Keywords: Exelon, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.