By Philadelphia Business Journal

Exelon Corp. released third-quarter results Wednesday that beat analystsâ¿¿ estimates, met its guidance and enabled the parent of Peco Energy Co. to reaffirm its guidance for 2011.

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, in the quarter. Removing one-time charges and gains that decreased earnings by $142 million, or 22 cents per diluted share, it earned $743 million, or 12 cents per diluted share, beating the average estimate of 11 analysts polled by Thomson Reuters, which was $1.08 per diluted share.

Exelon earned $845 million, or $1.27 per diluted share, in the third quarter of 2010, although those numbers drop to $739 million and $1.11 per share, when one-time gains and charges are removed.

Exelonâ¿¿s 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 in a press release 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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