By Philadelphia Business Journal

Exelon Corp. released third-quarter results Wednesday that fell short of analystsâ¿¿ estimates, although the parent of Peco Energy Co. said its earnings met its guidance and reaffirmed its guidance for the year.

The Chicago-based owner of electric-and-gas utilities, power-generation plants and a power-marketing unit earned $601 million, or 90 cents per diluted share, well short of the $1.08-per-diluted-share average estimate of 11 analysts polled by Thomson Reuters. It earned $845 million, or $1.27 per diluted share, in the third quarter of 2010.

Exelonâ¿¿s (NYSE:EXC) revenue in the most recent quarter was $5.3 billion, slightly up from $5.29 billion in the same quarter a year earlier. The average revenue estimate of five analysts polled by Thomson Reuters was $5.19 billion.

Exelon Chairman and CEO John W. Rowe said that the companyâ¿¿s results enable it to reaffirm its full-year guidance of $4.05 to $4.25 per diluted share.

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