CHICAGO (AP) — CHICAGO (AP) — Exelon Corp. (EXC) on Thursday reported fourth-quarter net income of $593 million.
On a per-share basis, the Chicago-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring costs, came to 59 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The energy company posted revenue of $5.41 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $5.54 billion.
For the year, the company reported profit of $2.77 billion, or $2.73 per share. Revenue was reported as $24.26 billion.
Exelon expects full-year earnings in the range of $2.81 to $2.91 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXC at https://www.zacks.com/ap/EXC
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