Exelon Results Mixed, But Maintains 2009 Outlook (EXC, NRG, RRI)

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By Douglas A. McIntyre Updated Published

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Electricity generator Exelon Corporation (NYSE:EXC) this morning reported EPS of $1.08 on revenue of $4.77 billion. Analysts’ estimates averaged EPS of $1.14 and revenue of $4.62 billion. Non-GAAP EPS was $1.20.

Exelon didn’t say anything new about its hostile takeover offer for NRG Energy, Inc. (NYSE:NRG). Exelon filed a proxy statement in March for approval at NRG’s annual shareholders meeting, which NRG has so far not scheduled. NRG is expecting to close its own $287.5 million acquisition of the Texas retail business of Reliant Energy, Inc. (NYSE:RRI) during the current quarter.

In its report today, Exelon reaffirmed a non-GAAP operating earnings range of $4.00-$4.30 for 2009 and non-GAAP earnings for the second quarter of $0.95-$1.05/share.

Exelon shares are trading nearly flat this morning, at $45.58. The stock’s 52-week range is $38.41-$92.13.

Paul Ausick
April 23, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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