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.
Keywords: Exelon, Earnings Report