BUZZ-Exelon forecasts 2025 profit above estimates, shares rise

Reuters
12 Feb
BUZZ-Exelon forecasts 2025 profit above estimates, shares rise

Updates

** Shares of U.S.-based utility firm Exelon EXC.O rise 2.2% to $43.29 premarket

** Company forecasts adjusted profit for 2025 in the range of $2.64 per share to $2.74 per share, above analysts' estimates of $2.63 per share, according to data compiled by LSEG

** Company also beats fourth-quarter profit estimates helped by higher rates for electricity

** Reports Q4 adjusted EPS of 64 cents vs average estimate of 59 cents per share - LSEG data

** Exelon plans to invest $38 billion in capital expenditures over the next four years, 10% higher than its previous plan

** "With growth in our four-year capital plan driven by investment needs across our regions, we continue to expect 5-7% annualized earning growth through 2028" - CFO Jeanne Jones

** Exelon shares have risen 11.5% YTD, as of last close

(Reporting by Katha Kalia)

((Katha.Kalia@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10