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; [email protected]

Stock News for Exelon (EXC)
DateTimeHeadline
02/22/201712:32:00ComEd’s New Chicago Training Center is Awarded LEED® Gold Ce...
02/20/201713:09:00PECO Telling Delinquent Customers to Apply Now for LIHEAP
02/16/201717:05:00Exelon Named to Fortune’s World’s Most Admired Companies Lis...
02/16/201714:39:00ComEd Employee Honored with National Technology Award for Innovation
02/14/201709:29:00In Trump Age, Taking a Different Tack on Workplace Diversity
02/13/201710:30:00Grant from Delmarva Power and Exelon Launches Delaware State...
02/13/201710:03:00ComEd Launches New, Industry-Leading Energy Data Product
02/08/201708:00:00Exelon Announces Fourth Quarter 2016 Results, Provides 2017 Earnings...
02/06/201716:16:00ComEd Smart Meter Technology Wins for Program of the Year
02/02/201711:52:00ComEd Achieves Industry Leading Reliability Results
01/31/201713:51:00BGE Awards $302,000 to 64 Nonprofit Emergency Response and Public...
01/31/201711:39:00Exelon Corporation Declares Dividend
01/31/201711:05:00ComEd Black History Month Campaign Helps Teens Explore ‘Unexpected’ STE...
01/30/201714:10:00United Center, Chicago Bulls, and Chicago Blackhawks Announce...
01/24/201715:21:00ComEd Appoints Verónica Gómez as Senior Vice President, Regulatory a...
01/24/201715:11:00BGE’s Captain Mercaptan Natural Gas Safety Contest Kicks Off
01/19/201713:46:00BGE Economic Impact Exceeds $5 Billion
01/18/201716:30:00Constellation and Mohave Electric Cooperative Complete 13.8 Megawatt...
01/18/201708:00:00RES Announces Substantial Completion of 198 MW Bluestem Wind...
01/12/201715:21:00PECO Inspecting 39,000 Poles to Ensure Reliable Electric Service

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