Business

Exelon beats 1Q profit forecasts

Posted May 06, 2016 7:00 am

The Associated Press

CHICAGO (AP) - Exelon Corp. (EXC) on Friday reported first-quarter profit of $123 million.

The Chicago-based company said it had profit of 19 cents per share. Earnings, adjusted for one-time gains and costs, were 68 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The energy company posted revenue of $7.57 billion in the period.

Exelon expects full-year earnings in the range of $2.40 to $2.70 per share.

Exelon shares have climbed 27 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 4 percent in the last 12 months.

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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

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Keywords: Exelon, Earnings Report

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