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Constellation Energy reported strong Q3 2024 results, with adjusted EPS of $2.74, surpassing the estimated $2.63. Revenue for the quarter was $6.55 billion, exceeding the expected $5.71 billion and marking a 14.7% year-over-year increase. Despite these positive results, Constellation Energy shares dropped 7%. The company also raised its full-year 2024 adjusted EPS guidance to a range of $8.00-$8.40 from the previous $7.60-$8.40. CEO emphasized ongoing efforts to add clean energy to the grid by extending the life and increasing the output of the nuclear fleet. The company's Q3 adjusted operating income was $860 million.
Constellation Energy double beat. CEO: "We continue to see opportunities to add clean energy to the grid by extending the life and increasing the output of our nuclear fleet to meet the nation’s growing needs" $CEG: -10% Pre_market. More details: https://t.co/SQko0B07jr https://t.co/E9TLLIl5Po
$CEG Constellation Energy reports Q3 adjusted EPS $2.74, consensus $2.64Reports Q3 revenue $6.55B, consensus $5.71B, raises FY24 adj. EPS view to $8.00-$8.40 from $7.60-$8.40
$CEG | Constellation Energy Q3'24 Earnings Highlights 🔹 Adj EPS: $2.74 (Est. $2.63) 🟢 🔹 Revenue: $6.55B (Est. $5.71B) 🟢; UP +14.7% YoY 🔹 Adj Operating Income: $860M (Est. $1.228B) 🔴 Narrowed FY24 Guidance: 🔹 Adj EPS: $8.00-$8.40 (Prior: $7.60-$8.40; Est. $8.05) 😐…
