ADVFN - Advanced Financial Network.
HOME» NYSE » E » EXC Stock Price » EXC Stock News

Exelon Share News

 Exelon Corp. Stock Price
EXC Stock Price
 Exelon Corp. Stock Chart
EXC Stock Chart
 Exelon Corp. Stock News
EXC Stock News
 Exelon Corp. Company Information
EXC Company Information
 Exelon Corp. Stock Trades
EXC Stock Trades

Constellation Energy Swings To 4Q Loss; Posts Surprise Revenue Decline

DOW JONES NEWSWIRES Constellation Energy Group Inc. (CEG) swung to a fourth-quarter loss as the power company reported struggles in its generation business and increased losses at its NewEnergy retail operations. Constellation and other power producers that sell in competitive markets have been hurt in recent quarters by a weak wholesale market that remains under pressure from low natural-gas prices. Exelon Corp. (EXC) last year agreed to buy Constellation in a stock-for-stock deal valued at about $8 billion. The deal would allow Exelon, the largest operator of nuclear plants in the U.S., to combine its generation fleet with Constellation's large retail marketing business. Constellation Chief Executive and Chairman Mayo A. Shattuck III on Friday said the deal remains on track and is anticipated to close in the first quarter, absent any delay in the Federal Energy Regulatory Commission approval process. For the fourth quarter, the company posted a loss of $583.6 million, or $2.91 a share, compared with a year-earlier profit of $159.8 million, or 79 cents a share. Stripping out merger-related costs and other items, the company reported a per-share profit of 5 cents, well below the 64 cents expected by analysts polled by Thomson Reuters. Revenue declined 15% to $2.95 billion, far short of the $5.89 billion expects by Wall Street analysts. The generation segment booked a loss of $2.62 a share, compared with a year-earlier profit of 60 cents a share. The NewEnergy retail segment reported a loss of 45 cents a share, versus a profit of 2 cents a year earlier. Shares of Constellation closed Thursday at $36.67 and were inactive premarket. The stock is down 7.6% year to date. -By Mia Lamar, Dow Jones Newswires; 212-416-3207;

Stock News for Exelon (EXC)
10/09/201517:24:00ComEd Calls on Third Graders to Design Bill Envelope
10/09/201510:58:00ComEd Calls on Third Graders to Design Bill Envelope
10/09/201510:26:00ComEd Calls on Third Graders to Design Bill Envelop
10/06/201517:51:00Pepco Holdings and Exelon Reach Merger Settlement with District...
10/06/201516:49:00Washington, D.C. Mayor Bowser to Support Exelon Purchase of Pepco...
10/06/201513:06:00PECO Customers Save More Than $463 million With PECO Smart Ideas
10/05/201511:31:00Employee-Inspired Invention Places ComEd on Top 100 Finalists...
10/01/201516:59:00PECO Makes Switching to Natural Gas More Affordable for Customers
09/30/201512:09:00PECO Customers Can Rake in the Savings This Fall With These Helpful...
09/30/201511:07:00National Aquarium, Constellation Efforts Yield Major Summer Savings
09/29/201516:30:00GE Hitachi and Exelon Generation Bring the Industrial Internet...
09/29/201511:59:00More than 300 Electric System Projects Completed to Keep the...
09/28/201519:10:00Exelon and Pepco Holdings File for Reconsideration of Their Merger
09/28/201516:14:00PECO Announces Offering of $350 Million First and Refunding Mortgage...
09/22/201511:02:00POWERING THE POPE! PECO Welcomes Pope Francis and World Meeting...
09/21/201512:07:00Stay in School Program Celebrates 10 Years of Success, Achieving...
09/17/201517:46:00Community, Business Leaders Voice Support for Pepco Holdings-Exelon...
09/15/201509:25:00ComEd and National Safety Council Award Municipalities Grants...
09/14/201511:42:00Exelon Recognized for Industry-Leading Sustainability Performance...
09/11/201508:30:00Exelon Appoints Linda P. Jojo to Board of Directors

Exelon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations