Exelon (EXC) Stock Declines Despite Strong Earnings - TheStreet

NEW YORK (TheStreet) -- Exelon Corp. (EXC) - Get Report  shares are decreasing 1.61% to $28.13 on Friday despite the energy services provider releasing solid third quarter 2015 earnings results before this morning's market open.

For the latest quarter, the company earned 83 cents a share on revenue of $7.4 billion.

Analysts had expected the company to post a profit of 72 cents a share on revenue of $6.6 billion. 

In the same period the year before, the company earned 78 cents a share on revenue of $6.7 billion.

In addition, the company raised its full year outlook. Earnings are now expected to be between the range of $2.40 to $2.60 a share, compared to its previous guidance of $2.35 to $2.55 a share.

Overall, results improved year-over-year due to last year's $60 million acquisition of Integrys Energy Group (TEG) the company said. 

In addition, warmer weather in Chicago, the company's headquarters, led consumers to use more energy in northern Illinois, helping Exelon's quarterly results.

Separately, the company on Wednesday announced that utility regulators for the District of Columbia will reopen the merger case that regulators rejected in August when Exelon proposed a deal to buy Pepco Holdings (POM) for $6.8 billion. 

The deal will be reexamined by the end of this year, Bloomberg reports.

Pepco Holdings stock is gaining 0.3% to $26.68 on Friday.

Separately, TheStreet Ratings team rates EXELON CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

We rate EXELON CORP (EXC) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: EXC

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