Summary
Exelon Corporation (EXC) has filed a Form 8-K on July 10, 2006, primarily to reaffirm its previously issued financial guidance for the full year 2006. The company is maintaining its forecast for adjusted (non-GAAP) operating earnings per share to be in the range of $3.00 to $3.30. This filing serves as a communication to investors regarding the company's ongoing financial outlook and commitment to its earnings targets. Investors should note that this guidance is based on adjusted operating earnings, which exclude certain items from GAAP earnings. Exelon directs interested parties to its May 23, 2006 Form 8-K filing for a detailed reconciliation of adjusted earnings to GAAP earnings and further information regarding the guidance. This reaffirmation suggests that, as of July 10, 2006, Exelon's management believes its operations are on track to meet the previously stated financial performance expectations for the fiscal year.
Key Highlights
- 1Reaffirms 2006 adjusted (non-GAAP) operating earnings per share guidance of $3.00 - $3.30.
- 2The guidance is based on adjusted operating earnings, excluding certain items from GAAP earnings.
- 3Refers investors to a previous Form 8-K (May 23, 2006) for detailed reconciliation and information.
- 4Indicates management's confidence in achieving previously stated financial performance targets.
- 5The filing is a routine update under Regulation FD, ensuring broad dissemination of material information.
- 6The filing is a combined report by Exelon Corporation and its subsidiaries: Commonwealth Edison Company, PECO Energy Company, and Exelon Generation Company, LLC.