Exelon Swings a Profit

| About: Exelon Corporation (EXC)
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Exelon Corp, the largest U.S. nuclear power company, posted a profit for the third-quarter, mentioning higher wholesale prices, increased output, and warmer weather as a catalysts for the boost. Net income came in at $780 million after the company posted a loss of $44 million last year. Excluding items, net income was $823 million ($1.21/share) compared to $690 million ($1.02/share) last year. Revenue increased 14% to $5.03 billion. Analysts forecasted the company would earn $1.21/share on $5.12 billion of revenue. CEO John Rowe announced an increase on the company's full-year earnings outlook: "In view of our financial results thus far, we are very confident in our full year operating earnings guidance range of $4.15 to $4.30 per share." The new range represented an increase, but Wall Street had already expected Exelon to earn $4.29/share for the year. In 2007, shares of the company are up 28%, well ahead of the Dow Jones Utilities Average which has increased 12.6%. Exelon stock climbed another 1.6% to $79.48 in midday trading Friday

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