Exelon misses by $0.01, misses on revs; guides FY16 EPS in-line
- Reports Q4 (Dec) earnings of $0.38 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.39; revenues fell 3.8% year/year to $6.68 bln vs the $7.14 bln Capital IQ Consensus.
- Co issues in-line guidance for FY16, sees EPS of $2.40-2.70 vs. $2.51 Capital IQ Consensus Estimate.
- Co's Board of Directors also declared a first quarter dividend of $0.31 per share and approved a revised dividend policy. The approved policy would raise EXC's dividend 2.5% each year for the next three years, beginning with the June 2016 dividend