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CHICAGO (AP) — CHICAGO (AP) — Exelon Corp. (EXC) on Wednesday reported fourth-quarter net income of $617 million.
On a per-share basis, the Chicago-based company said it had profit of 62 cents. Earnings, adjusted for non-recurring gains, came to 60 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The energy company posted revenue of $5.37 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $4.91 billion.
For the year, the company reported profit of $2.33 billion, or $2.34 per share. Revenue was reported as $21.73 billion.
Exelon expects full-year earnings in the range of $2.40 to $2.50 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