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; mia.lamar@dowjones.com

Stock News for Exelon (EXC)
DateTimeHeadline
12/08/201611:29:00PECO Ensures Safe & Reliable Electric Service at Philadelphia...
12/07/201611:15:00Exelon Commits to White House Equal Pay Pledge to Promote Gender...
12/07/201610:43:00Governor Rauner Joins Hundreds of Community Members, Local Bus...
12/07/201609:30:00BGE Customers Have Installed 25 Million LED and CFL Light Bulbs...
12/06/201613:30:00Constellation and Amphitheater Public Schools Mark Completion...
12/05/201614:13:00Five Exelon Utilities Issue Request for Information Regarding...
12/05/201610:13:00Exelon Joins Gov. Christie in Announcing More Than $56 Million...
12/01/201620:01:00Passage of Future Energy Jobs Bill Boosts State Economy and Makes...
12/01/201614:28:00PECO Completes Work to Keep the Holiday Season Safe, Warm and...
11/30/201616:38:00Governor Rauner, Exelon Generation and ComEd Reach Accord on...
11/29/201614:42:00CORRECTING & REPLACING Progress Made on Groundbreaking Energy...
11/29/201613:55:00Progress Made on Groundbreaking Energy Bill That Creates and...
11/29/201610:10:00Constellation Announces 111 Community Champions Grant Recipients...
11/28/201614:46:00On Cyber Monday ComEd Customers Can Shop to Drop their Energy...
11/28/201609:00:00Exelon Employees Show Holiday Spirit by Donating 9,300 Hours...
11/26/201615:40:00Area Business Associations Say Future Energy Jobs Bill Will Support...
11/23/201617:25:00Illinois Black Chamber of Commerce Joins Growing List of Illinois...
11/23/201610:00:00Make the Season Warm and Bright with the PECO Smart Gift of Energy
11/23/201609:54:00BGE HOME and Constellation Home Team up with United Way to Give...
11/22/201614:20:00Significant Progress Achieved toward Comprehensive Energy Legislation...

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US