5 Stocks in Focus After Releasing Their Financial Results

4. Exelon Corporation (NASDAQ:EXC)

Number of Hedge Fund Holders: 47

Shares of Exelon Corporation (NASDAQ:EXC) slightly moved down on Monday, May 9, 2022, following its mixed financial performance for the first quarter. The Illinois-based energy company earned 64 cents per share on an adjusted basis, missing the consensus of 66 cents per share.

On the bright side, Exelon Corporation (NASDAQ:EXC) posted revenue of $5.33 billion, beating the expectations of $4.61 billion. The latest results do not include any contribution from its former power generation business Constellation Energy, which was separated from Exelon earlier this year.

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Exelon Corporation (NASDAQ:EXC) also reaffirmed its profit outlook for the full year. It continues to expect adjusted earnings in the range of $2.18 – $2.32 per share, in line with the consensus of $2.26 per share.