Exelon: 4Q Earnings Snapshot
Editors Note Adds full-year results.
CHICAGO (AP) _ Exelon Corp. (EXC) on Friday reported fourth-quarter profit of $152 million.
On a per-share basis, the Chicago-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs, came to 58 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share.
The energy company posted revenue of $8.81 billion in the period.
For the year, the company reported profit of $2.01 billion, or $2.07 per share. Revenue was reported as $35.99 billion.
Exelon expects full-year earnings in the range of $3 to $3.30 per share.
Exelon shares have climbed nearly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 8 percent. The stock has increased 33 percent in the last 12 months.
By The Associated Press, Copyright 2019