S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Infrastructure

Exelon Results Mixed, But Maintains 2009 Outlook (EXC, NRG, RRI)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

power-lines-image1Electricity generator Exelon Corporation (NYSE:EXC) this morning reported EPS of $1.08 on revenue of $4.77 billion. Analysts’ estimates averaged EPS of $1.14 and revenue of $4.62 billion. Non-GAAP EPS was $1.20.

Exelon didn’t say anything new about its hostile takeover offer for NRG Energy, Inc. (NYSE:NRG). Exelon filed a proxy statement in March for approval at NRG’s annual shareholders meeting, which NRG has so far not scheduled. NRG is expecting to close its own $287.5 million acquisition of the Texas retail business of Reliant Energy, Inc. (NYSE:RRI) during the current quarter.

In its report today, Exelon reaffirmed a non-GAAP operating earnings range of $4.00-$4.30 for 2009 and non-GAAP earnings for the second quarter of $0.95-$1.05/share.

Exelon shares are trading nearly flat this morning, at $45.58. The stock’s 52-week range is $38.41-$92.13.

Paul Ausick
April 23, 2009

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Exelon & NRG, Earnings and a Duel (EXC, NRG)

Exelon Corporation (NYSE:EXC) rose nearly 1.5% yesterday after the company reported fourth quarter 2008 EPS of $1.07, up from $0.84…
Douglas A. McIntyre |

Power Generation Results Mixed (D, XEL, NRG, EXC, RRI)

Three large electric utilities reported earnings this morning, and the results are could be better, but they could also be…
Douglas A. McIntyre |

Reliant Joins NRG-Exelon Merger Bermuda Triangle (RRI, NRG, EXC)

Reliant Energy Inc. (NYSE: RRI) is taking a hit this morning.  It wasn’t just the earnings loss, or its plans…
Exelon Earnings Bolstered by Excluded Items
Paul Ausick |

Exelon Earnings Bolstered by Excluded Items

Exelon reported better-than-expected third-quarter 2016 results and guidance before markets opened Wednesday morning.
Paul Ausick |

Exelon’s Profit Slides, Revenues Too

ThinkstockExelon Corp. (NYSE: EXC) reported third-quarter 2012 earnings this morning. The power company posted adjusted diluted earnings per share (EPS)…
Douglas A. McIntyre |

Less Power from the Generators (DUK, CEG)

Duke Energy Corp. (NYSE:DUK) reported first quarter 2009 diluted EPS of $0.27, down from $0.37 in the year-ago period. Adjusted…
Earnings Previews: Barrick Gold, ConocoPhillips, Exelon, Peloton
Paul Ausick |

Earnings Previews: Barrick Gold, ConocoPhillips, Exelon, Peloton

Before markets open on Thursday, these four companies are expected to report quarterly results.
Paul Ausick |

What Exelon Gets With Pepco

ThinkstockThe $6.8 billion acquisition of Pepco Holdings Inc. (NYSE: POM) by Exelon Corp. (NYSE: EXC) announced this morning creates a…
Earnings Previews: Constellation Energy, GlobalFoundries
Paul Ausick |

Earnings Previews: Constellation Energy, GlobalFoundries

Before U.S. markets open on Tuesday, Constellation Energy and GlobalFoundries are on deck to report quarterly results.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618