Summary
Exelon Corporation (NYSE: EXC) issued a press release on June 10, 2002, reaffirming its 2002 operating earnings outlook, projecting earnings per share between $4.55 and $4.85. The company indicated that preliminary results through May were in line with expectations, with its Cost Management Initiative proving effective in mitigating the impact of mild weather and low power prices during April and May. This reaffirmed outlook suggests continued confidence from management in achieving its financial targets for the year.
Key Highlights
- 1Exelon Corp. reaffirmed its 2002 operating earnings per share outlook, setting a range of $4.55 to $4.85.
- 2Preliminary financial results through May 2002 are in line with the company's initial expectations for the year.
- 3The company's Cost Management Initiative has been instrumental in supporting strong results in April and May.
- 4These cost-saving efforts helped offset negative impacts from mild weather conditions and low power prices.
- 5Exelon announced it will host an investor conference on Thursday, June 20, 2002, at 7:00 a.m. CDT.
- 6The investor conference will be webcast live, providing accessibility for remote participants.