Exelon Says Quarterly Earnings Soared 54%
Bloomberg News
Exelon Corp. said earnings surged 54% in the second quarter as the biggest U.S. producer of nuclear power cut costs, increased electricity sales and sold a stake in a telecom business.
Net income increased to $485 million, or $1.50 a share, Chicago-based Exelon said. Revenue slipped 2.8% to $3.52 billion.
Shares of Exelon rose 99 cents to $49.05 on the NYSE.
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