UPDATE: Exelon Q4 Profit Surges 16%

Exelon Corp (NYSE: EXC) reported a 16% rise in its fourth-quarter earnings.

Exelon's quarterly profit surged to $606 million, or $0.91 per share, from $524 million, or $0.79 per share, in the year-ago period. Excluding some items, Exelon earned $0.82 per share. Its revenue declined 5.4% to $4.25 billion. However, analysts were expecting earnings of $0.88 per share on revenue of $4.8 billion.

Exelon shares gained 0.25% to $39.32 in pre-market trading.