Exelon Corporation (EXC) Releases Earnings Results, Beats Expectations By $0.02 EPS

Exelon Corporation (EXC) reported quarterly earnings results on Friday, May-6-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.66. Analysts expectations of $7230.45 million. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Exelon Corporation. Exelon Corporation was Resumed by Goldman to “Neutral” on Apr 11, 2016. Morgan Stanley Resumed Exelon Corporation on Apr 6, 2016 to “Equal-Weight”, Price Target of the shares are set at $38.Barclays Resumed Exelon Corporation on Mar 24, 2016 to “Overweight”, Price Target of the shares are set at $39.

Exelon Corporation opened for trading at $34.76 and hit $35.51 on the upside on Wednesday, eventually ending the session at $35.26, with a gain of 1.38% or 0.48 points. The heightened volatility saw the trading volume jump to 58,57,851 shares. Company has a market cap of $32,437 M.

In a different news, on Feb 8, 2016, Calvin Jr Butler (CEO, BGE) sold 5,000 shares at $32.42 per share price. According to the SEC, on Feb 5, 2016, Duane M Desparte (SVP and Controller) sold 3,000 shares at $32.36 per share price.

Exelon Corporation (Exelon) is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company LLC’s (Generation) six marketing segments Commonwealth Edison Company (ComEd) PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE). Generation’s business consists of the generation physical delivery and marketing of power across geographical regions. ComEd’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers. PECO’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity distribution and transmission services. BGE’s business consists of the purchase and regulated retail sale of electricity and natural gas and the provision of electricity distribution and transmission and gas distribution services.

Exelon Corporation

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