Investing.com - Exelon (NASDAQ:EXC) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Exelon announced earnings per share of $0.87 on revenue of $8.75B. Analysts polled by Investing.com anticipated EPS of $0.85 on revenue of $8.8B. That with comparison to EPS of $0.87 on revenue of $9.43B in the same period a year before. Exelon had reported EPS of $0.83 on revenue of $8.28B in the previous quarter. Analysts are expecting EPS of $0.59 and revenue of $6.92B in the upcoming quarter.
Exelon shares are down 23.14% from the beginning of the year , still down 31.54% from its 52 week high of $51.18 set on June 7, 2019. They are under-performing the S&P 500 which is down 11.2% year to date.
Exelon shares lost 0.91% in pre-market trade following the report.
Exelon follows other major Utilities sector earnings this month
Exelon's report follows an earnings beat by NextEra Energy on April 22, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Dominion Energy had missed expectations on Tuesday with first quarter EPS of $1.09 on revenue of $4.5B, compared to forecast for EPS of $1.1 on revenue of $4.72B.
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