【hazlet swim and tennis club】Exelon 3Q net squeezed by lower power prices
CHICAGO (AP) — Exelon Corp.,hazlet swim and tennis club the nation's largest supplier of wholesale electric power, said Thursday that its third-quarter earnings were squeezed by lower prices for the power it makes, while costs for nuclear fuel rose.
Exelon earned $296 million, or 35 cents per share, for the quarter that ended Sept. 30. In March Exelon closed on its purchase of Constellation Energy, so recent results are not comparable to its year-ago profit of $601 million, or 90 cents per share.
Not counting special items, Exelon said it would have earned $658 million, or 77 cents per share, in the recent quarter. Revenue fell 6.6 percent to $6.57 billion.
Analysts surveyed by FactSet expected a profit of 72 cents per share on revenue of $5.72 billion.
The Chicago-based company runs the most nuclear plants in the U.S., and has operations in 47 states. Exelon saw lower market prices for the sale of energy across all regions. It also produced less nuclear power because of a combination of planned and unplanned outages, and maintenance expenses rose.
Exelon raised its expectation for adjusted 2012 operating earnings per share to $2.75 to $2.95 per share, assuming normal weather for the rest of the year. That includes preliminary cost estimates for the impact of Superstorm Sandy.
Exelon shares fell 79 cents, or 2.2 percent, to $34.99 in afternoon trading.
View comments
-
Top Analyst Reports for Apple, Verizon & PayPalFederal court again blocks San Francisco warning on soda adsIs Advance Auto Parts (AAP) Stock Outpacing Its Retail-Wholesale Peers This Year?Higher drug prices ring in the new year for more than 250 pharmaceuticalsLOPE SHAREHOLDER ALERT: Lawsuit Filed For Grand Canyon Investors9 Bills You Should Never Put on AutopayDisciplinary Committee Recommends No Charges Against Jerry Sandusky Prosecutor Frank FinaAlmost Human recap: 'Unbound'Canada Cardiac Rhythm Management Devices Market Outlook to 2025 - Cardiac Resynchronisation Therapy (CRT), Implantable Cardioverter Defibrillators (ICD), Implantable Loop Recorders (ILR) and PacemakersMIRC Electronics Limited (NSE:MIRCELECTR) Delivered A Weaker ROE Than Its Industry
下一篇:INTRUSION Inc. Welcomes Experienced Chief Financial Officer, Franklin Byrd
- ·Payments on mortgages to be suspended across Italy after coronavirus outbreak
- ·Roku to launch subscription video channels business
- ·Does Max Financial Services Limited’s (NSE:MFSL) CEO Salary Compare Well With Others?
- ·Is PNC Infratech Limited’s (NSE:PNCINFRA) 14% Better Than Average?
- ·AppFolio, Inc. Announces First Quarter 2020 Financial Results
- ·How Ford Will Cut Its Losses in China
- ·This Might Be the Most Frustrating Round of Wheel of Fortune Ever
- ·Top Ranked Value Stocks to Buy for January 2nd
- ·The Best Places in Every State To Live on a Fixed Income
- ·Investors Who Bought Gyldendal (OB:GYL) Shares Five Years Ago Are Now Up 120%
- ·Miley Cyrus performs as Black Mirror persona Ashley O at Glastonbury Festival
- ·Oil Price Fundamental Daily Forecast – Stock Market Weakness Weighing on Crude Prices
- ·Best Tarot Cards Reading Online By Kasamba Tarot Readers Experts - How To get Free Love Tarot Readings Online
- ·Scandal-hit Danske Bank to tighten controls as 2018 profit plunges
- ·How Your Credit Card Can Keep You From Buying a Home
- ·These Are the Top Skills Businesses and Job Recruiters Are Looking for Most in 2019
- ·How Are PlayStation 5, Xbox Poised Before Launch?
- ·Is Fortuna Silver Mines Inc.'s (TSE:FVI) CEO Salary Justified?
- ·Bitcoin Blasts Past $34K for First Time, Hours After Blowing Through $30K
- ·What Is Hope Bancorp, Inc.'s (NASDAQ:HOPE) Share Price Doing?
- ·Harpoon Therapeutics Reports Third Quarter 2020 Financial Results and Provides Corporate Update
- ·A Spotlight On Jet Freight Logistics Limited's (NSE:JETFREIGHT) Fundamentals
- ·Why Kokuyo Camlin Limited’s (NSE:KOKUYOCMLN) Return On Capital Employed Might Be A Concern
- ·Cryptocurrencies Annual Market Recap – 2018
- ·Is It Smart To Buy Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) Before It Goes Ex-Dividend?
- ·China kicks off consumption drive with sweeteners for Beijing shoppers
- ·What Is Parker-Hannifin's (NYSE:PH) P/E Ratio After Its Share Price Tanked?
- ·Miley Cyrus Flaunts Mysterious New Ring on That Finger, Steps Out With Love Liam Hemsworth
- ·Calculating The Intrinsic Value Of Costco Wholesale Corporation (NASDAQ:COST)
- ·How Should Investors Feel About Nelco Limited’s (NSE:NELCO) CEO Pay?
- ·SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Becton, Dickinson and Company and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- ·The Uber Of Europe, BlaBlaCar, Just Raised A Whopping $100 Million
- ·Are N. Leventeris S.A.’s (ATH:LEBEK) Interest Costs Too High?
- ·BRIEF-Daido Group Says Expected To Record A Loss For Year Ended 31 December 2018
- ·Portugal says unacceptable to block EU recovery funds
- ·BRIEF-Xuancheng Valin Precision Technology's Shareholder To Unload Up To 2.4 Pct Between Mar 5 And Sept 1