I am trimming some deadwood to free up more margin for trading.
The PE dimension of the new EXC blows away analyst estimates:
Tuesday October 24, 9:32 pm Eastern Time
Peco Energy earnings handily beat estimates
NEW YORK, Oct 24 (Reuters) - Peco Energy Co. on Tuesday reported third-quarter earnings that rose on higher margins from its wholesale and non-regulated retail operations.
The Philadelphia-based energy company said that for the quarter ended September 30, excluding special items, it earned $239 million, or $1.41 per share of common stock, compared to $235 million, or $1.25 per share, a year earlier.
Earnings including special items relating to debt and Hurricane Floyd, were $234 million, or $1.38 per share, compared to $228 million, or $1.22 per share, a year earlier, the company said. After special items, diluted earnings per share were $1.36, compared to $1.21 a year earlier.
Analysts polled by research firm First Call/Thomson Financial had expected, on average, earnings of $1.24 per share.
Peco Energy (NYSE:PE - news) merged with Unicom Corp. (NYSE:UCM - news) on October 20, and began trading on Monday as Exelon Corp. (NYSE:EXC - news) on the New York Stock Exchange.
Exelon shares closed on Tuesday at $59-11/16. |
