EXC Exelon Corporation

   By Dave Sebastian 
 

Exelon Corp. (EXC) posted higher third-quarter profit and better-than-expected adjusted earnings, though revenue fell.

For the quarter ended Sept. 30, the energy provider posted net income of $772 million, or 79 cents a share, compared with $733 million, or 76 cents a share, in the same quarter last year. Analysts polled by FactSet were expecting 89 cents a share.

On an adjusted basis, earnings were 92 cents a share, compared with 88 cents a share a year earlier. Analysts were looking for 89 cents a share.

Operating revenue for the quarter was $8.93 billion, compared with $9.4 billion a year ago. Analysts were expecting $8.97 billion.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

October 31, 2019 07:30 ET (11:30 GMT)

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